'No grounds for further talks' on Greece: Eurogroup

Eurozone finance ministers see "no grounds for further talks" with Greece ahead of the country's Sunday bailout referendum, Eurogroup chairman Jeroen Dijsellbloem said after a conference call with fellow ministers on Tuesday. Dijsellbloem said ministers merely noted proposals offered by Greek Prime Minister Alexis Tsipras in a conciliatory letter Tuesday night. Tsipras then struck a defiant tone in a speech Wednesday, accusing creditors of blackmailing Greece. "The main decision was that, given the political situation, the rejection of the previous proposals, the referendum which will take place on Sunday, and the recommendation by the Greek government to vote 'no,' we see no grounds for further talks at this point," Dijsselbloem said. There will be no talks in coming days with eurozone finance ministers nor between Greek authorities and the International Monetary Fund and European Central Bank, he said. "We will simply await now the outcome of the referendum on Sunday and take into account the outcome of the referendum," he said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.