Greece bailout talks: No agreement in Brussels

Greek and eurozone officials have failed to reach an agreement over Greece's debt crisis, though both sides said there was still hope for a deal, the BBC reported.

Eurogroup President Jeroen Dijsselbloem said seven hours of talks in Brussels had been "constructive."

But they ended without a joint statement to outline procedural steps ahead of further talks next Monday.

Greece says its bailout deal with the EU is punitive and must end. The EU has warned Greece to abide by the deal.

The new Greek government was elected on a promise to end the bailout and ease the austerity measures that have accompanied it.

The government has proposed to overhaul 30% of its bailout obligations, replacing them with a 10-point plan of reforms.

However, Greece's creditors in the EU, led by Germany, have insisted that the terms of the bailout cannot be altered.

Officials from the two sides have been locked in negotiations aimed at reaching a deal on Greece's debt repayments that would stave off the prospect of its exit from the eurozone - a prospect viewed with fear by the markets.

Mr Dijsselbloem, who heads the Eurogroup eurozone finance ministers, said after the meeting on Wednesday that there had been no discussion of detailed proposals.

"We didn't enter into negotiations on content of the programme or a programme, we simply tried to work next steps over the next couple days," he said. "We were unable to do that."

"We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions," he said.