Greek stalemate to last until after Easter as Goldman Sachs warns of costly Grexit

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Investment bank says “damage has been done” as creditors continue to squeeze Athens for more reforms in return for cash

Greece’s bail-out stalemate showed no signs of easing after a long weekend of delay and frustration for Athens officials in Brussels.

Representatives of the Greek government returned to the country on Tuesday having failed to seal an agreement on the economic reforms they will need to carry out in order to satisfy the demands of its international lenders and unlock €7.2bn in bail-out funds.

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