Greece moved closer to a perilous bankruptcy Saturday after talks over a bailout package broke down with its creditors, who rejected any emergency extension of the aid that has kept the debt-ridden Mediterranean nation afloat.
The other 18 nations that share the euro with Greece said they would not grant a grace period or await the outcome of a snap referendum the Greek government wants to hold next weekend on the bailout proposals on offer from international lenders. Without a deal in hand, Athens is expected to run out of money by Tuesday and default on a payment it owes the International Monetary Fund.