ATHENS, Greece (AP) — Leaders of parties supporting Greece's coalition government say crisis talks for huge new debt deals will continue Monday.

Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund — but again failed to reach an agreement.

Greece is racing to finalize austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

ATHENS, Greece (AP) — Leaders of parties supporting the Greece's coalition government say crisis talks for massive new debt deals will continue Monday.

Coalition backers held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary Fund — but again failed to reach an agreement.

Greece is racing to finalize austerity reforms needed for a new euro130 billion ($171 billion) without which it would face bankruptcy in late March.

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

• Here's The Real Problem With Getting The Greek Deal Done
• Emergency Meeting Called In Greece, New Sign Bailout May Be In Trouble
• REPORT: ECB Involvement Is Now Make Or Break Condition Of Greece Debt Deal