Forexpros - The U.S. dollar extended gains against almost all of its major counterparts on Monday, as mounting concerns over a debt default by Greece spurred a flight to safety by investors. During U.S. morning trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.33% to hit 1.3617. Over the weekend, European finance ministers warned that Greece may not receive it next tranche of aid, due next month, if the government fails to meet deficit reduction targets. The warning fuelled speculation that a Greek debt default could be imminent. Later Monday, officials from the European Union and the International Monetary Fund were to hold a teleconference with Greek Finance Minister Evangelos Venizelos to discuss extra steps to ensure Athens can qualify for its next tranche of rescue funds. Ahead of the talks, Greece's finance minister said the country will announce the closure of several state-linked organizations this week and make further spending cuts in its 2012 budget. The greenback was also higher against the pound, with GBP/USD falling 0.91% to hit 1.5646. Earlier Monday, the Bank of England's quarterly bulletin said the bond-purchase plan it implemented between March 2009 and early 2010 had an

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