Eurozone Finance Ministers have failed to agree a deal on releasing bailout funds to Greece - sending the Euro into a downward spiral in early trading.
Greece has been waiting since June for an instalment of €31 billion in aid.
But Eurogroup ministers have clashed with the IMF over how long Greece should have to reduce its debt.
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The IMF has argued that if Greek debt is to be sustainable - it must be reduced to 120% of GDP by 2020.
While eurogroup president Jean Claude Juncker has said he wants the target of 120% pushed back to 2022.
A meeting to resume talks on the matter has been scheduled for Monday.