Thursday 4 June 2015

'Deal in sight' for bailout plan

Greek prime minister Alex Tsipras and European Commission president Jean-Claude Juncker meet in Brussels (AP)OPEN GALLERY 1
Greek prime minister Alex Tsipras and European Commission president Jean-Claude Juncker meet in Brussels (AP)
Greece's prime minister has said he found a constructive approach during a showdown with creditors in Brussels and all sides insisted talks to unlock crucial bailout loans and save the country from financial disaster would continue within days.

Even though Greece is running out of cash and faces more debt repayments as soon as Friday, Alex Tsipras still found a lifeline to keep the momentum for more negotiations going.
"I believe that, in any case, agreement is in sight but we need to conclude the discussions with a realistic point of view," Mr Tsipras said.
French president Francois Hollande said ahead of the Brussels talks that the negotiations were at least heading in the right direction: "We are some days, not to say some hours away from a possible agreement."
Greece has been negotiating for four months with its creditors over what budget reforms it should make to get the 7.2 billion euro (£5.3 billion) in loans that are left over in its bailout fund.
The meetings are part of a string of high-level diplomatic efforts to bring the negotiations to a successful end.
Asked whether he would be able to make the next repayment to the International Monetary Fund, Mr Tsipras said: "Don't worry about it."
After his dinner with EU Commission chief Jean-Claude Juncker, Mr Tsipras stressed the positive.
"The Commission showed a constructive intention to reach common ground," he said. "Discussions will continue in coming days."
Read more at ....

http://www.independent.ie/world-news/deal-in-sight-for-bailout-plan-31277356.html

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