Wednesday 24 May 2017

Greece can reach deal on reforms 'within days'

Greek finance minister Euclid Tsakalotos arrives for a press conference in Athens (AP)
Greek finance minister Euclid Tsakalotos arrives for a press conference in Athens (AP)

Greece and its European creditors should be able to iron out disagreements on reforms the country must undertake to receive a new rescue loan instalment by next week, according to a top European official.

Financial and economic affairs commissioner Pierre Moscovici said while significant progress has been made so far, "three or four" issues remain unresolved.

But he voiced confidence that a compromise will be found ahead of Monday's meeting of finance ministers from Greece's eurozone partners.

"We are not considering the case of failure, we are looking only for success," he said, after talks in Athens with Greek finance minister Euclid Tsakalotos.

Mr Tsakalotos also said he expects talks on cutting Greece's huge debt load to start before Christmas.

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