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Greek FinMin to remain in Brussels to pursue a deal with lenders

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - Greek Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

and its international lenders are still at odds over pension, labour and energy market reforms, necessary before new loans can be disbursed to Athens.

Tsakalotos said 'most issues' had been resolved, and that he hoped for a preliminary deal by April 7, when euro zone ministers are scheduled to meet in Malta.

"Our intention is to stay here, to achieve significant progress and leave very few issues (unresolved) ...so if the institutions return to Athens, to have an agreement on a package of measures," Tsakalotos told journalists.

The final details, he said, could be penciled in during the Spring meeting of the International Monetary Fund later in April. The Washington-based fund has yet to decide whether to participate in Greece's 86 billion euro bailout, expressing deep concerns over debt sustainability in the crisis-hit nation.

(Reporting By Michele Kambas and Renee Maltezou)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Greek FinMin to remain in Brussels to pursue a deal with lenders

BRUSSELS (Reuters) - Greek Finance Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

BRUSSELS (Reuters) - Greek Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

and its international lenders are still at odds over pension, labour and energy market reforms, necessary before new loans can be disbursed to Athens.

Tsakalotos said 'most issues' had been resolved, and that he hoped for a preliminary deal by April 7, when euro zone ministers are scheduled to meet in Malta.

"Our intention is to stay here, to achieve significant progress and leave very few issues (unresolved) ...so if the institutions return to Athens, to have an agreement on a package of measures," Tsakalotos told journalists.

The final details, he said, could be penciled in during the Spring meeting of the International Monetary Fund later in April. The Washington-based fund has yet to decide whether to participate in Greece's 86 billion euro bailout, expressing deep concerns over debt sustainability in the crisis-hit nation.

(Reporting By Michele Kambas and Renee Maltezou)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
177 22

Greek FinMin to remain in Brussels to pursue a deal with lenders

BRUSSELS (Reuters) - Greek Minister Euclid Tsakalotos said on Monday he planned to stay in Brussels for further consultations with the country's creditors towards finalising a bailout review.

and its international lenders are still at odds over pension, labour and energy market reforms, necessary before new loans can be disbursed to Athens.

Tsakalotos said 'most issues' had been resolved, and that he hoped for a preliminary deal by April 7, when euro zone ministers are scheduled to meet in Malta.

"Our intention is to stay here, to achieve significant progress and leave very few issues (unresolved) ...so if the institutions return to Athens, to have an agreement on a package of measures," Tsakalotos told journalists.

The final details, he said, could be penciled in during the Spring meeting of the International Monetary Fund later in April. The Washington-based fund has yet to decide whether to participate in Greece's 86 billion euro bailout, expressing deep concerns over debt sustainability in the crisis-hit nation.

(Reporting By Michele Kambas and Renee Maltezou)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22