BRUSSELS: The European Commission said Monday it hopes Greece and its international creditors will reach within days an agreement on extra measures Athens must take to get its next tranche of bailout funds.
Officials from the EU, International Monetary Fund and the European Central Bank were working with Greece and making progress, a spokesman for European Economic Affairs Commissioner Olli Rehn said.
"What we hope for is a staff level agreement in the next few days ... we are getting close," the spokesman said, adding when asked if eurozone finance ministers were ready to meet on the issue, that there were no such plans.
Talks have been underway for months between the EU-IMF-ECB troika and Greece on the new austerity measures worth 13.5 billion euros that Athens must accept in return for some 31.5 billion euros in aid funds.
Once the EU-IMF-ECB troika officials reach a technical accord with Athens, the deal must then go to their respective leaders for final approval of the terms and clearance of the funds.
Greek Finance Minister Yannis Stournaras said at the weekend that Athens would redouble its efforts to reach a deal after the government warned it could run out of money by next month.
"We have completed 90 percent of the road ... we have almost reached the end and now we have to give answers to the subjects that are still outstanding.
"It would be a waste of all this national effort if we don't succeed," Stournaras said.
indiatimes.com
Officials from the EU, International Monetary Fund and the European Central Bank were working with Greece and making progress, a spokesman for European Economic Affairs Commissioner Olli Rehn said.
"What we hope for is a staff level agreement in the next few days ... we are getting close," the spokesman said, adding when asked if eurozone finance ministers were ready to meet on the issue, that there were no such plans.
Talks have been underway for months between the EU-IMF-ECB troika and Greece on the new austerity measures worth 13.5 billion euros that Athens must accept in return for some 31.5 billion euros in aid funds.
Once the EU-IMF-ECB troika officials reach a technical accord with Athens, the deal must then go to their respective leaders for final approval of the terms and clearance of the funds.
Greek Finance Minister Yannis Stournaras said at the weekend that Athens would redouble its efforts to reach a deal after the government warned it could run out of money by next month.
"We have completed 90 percent of the road ... we have almost reached the end and now we have to give answers to the subjects that are still outstanding.
"It would be a waste of all this national effort if we don't succeed," Stournaras said.
indiatimes.com
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