Greece will conclude austerity talks with its lenders to continue receiving the bailout funds it needs, Prime Minister Antonis Samaras said on Monday, but officials said the talks would most likely not be finished by Thursday’s EU summit.
“Greece will soon get the next tranche. Its economy needs liquidity like a desert needs rain,” Samaras told a conference in Athens.
But Finance Minister Yannis Stournaras told reporters negotiators would most likely miss a target to complete the talks by Thursday, when a European Union summit takes place.
A senior finance ministry official later confirmed the two sides would not finish negotiations by Thursday, and would resume talks after the summit.
“We won’t have a deal on all issues by the summit. There are too many issues pending,” the official told reporters after late-night talks between Stournaras and Greece’s lenders.
via CNBC
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