Greece's Main Creditors Said Unwilling to Allow Exit of Euro (FXE) (GREK)

(Updated - April 17, 2015 12:03 PM EDT)

Greece's main creditors are said to be unwilling to allow the country to exit the euro.

UPDATE - Bloomberg noted Friday that German chancellor Angela Merkel will strive to prevent Greece from exiting the currency union and every possibility is being considered.

Other creditors are said to allow Greece a little more flexibility amid months of foot-dragging, sources said. Most want Greece and prime minister Alex Tsipras to commit to at some of the economic reform measures being demanded.

Euro-area finance ministers will next discuss Greece at their upcoming meeting on April 24 in Riga, Latvia.

Among expectations set forth for Greece include broadening its tax base, improving tax collection, reforming its pension system, and deregulating goods and labor markets to spur more competition.

Notably, Greek finance minister Yanis Varoufakis recently held a meeting with European Central Bank president Mario Draghi. According to a Greek official, the ECB said it was willing to help in the country should it be needed.

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