Greece deal possible before July 20 bonds payment: euro zone official

Greece has to pay 3.5 billion euros to the European Central Bank

A new bailout deal for Greece could be agreed in time for the country to meet a July 20 deadline for the repayment of 3.5 billion euros ($3.9 billion) of bonds to the European Central Bank, a euro zone official said on Wednesday.

Asked whether agreement was possible within that time frame, the official, speaking on condition of anonymity, said it was 'theoretically doable'.

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A second European official, who asked not to be named, said that agreement was possible within as little as two weeks.

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