Wednesday, May 27, 2015

Greece, Tsipras: negotiation agreement in final stage but EU curbs – Reuters Italy

ATHENS (Reuters) – The government said greek to be close to an agreement with international creditors, with an official who explained that the group of Brussels has started procedures to outline an agreement at technical level, but some European officials promptly denied the allegations calling them illusions.

Shortly after the externalization of the official Greek Prime Minister Alexis Tsipras announced that his government is in the “final stages” of negotiations to secure new financial aid from Europe and the IMF. [ID: nL5N0YI3XA]

However, the vice president of the European Commission, Valdis Dombrovskis, explained that the parties have still some way to go before we reach an agreement: “We are working very hard to ensure an agreement in terms of staff, but we have not yet arrived.”

Other euro zone officials, speaking to Reuters on condition of anonymity, were drier. One of them described the statements of the Greek “meaningless” and another said “I would like it were true.”

In addition, a source from the German delegation at the G7 in Germany said that not much progress has been made towards an agreement.

The European markets celebrated the announcement of significant progress in the negotiations, with improvements both for equity funds than for fixed income, although a senior official of the euro area did not confirm the statements of the executive greek saying: “I wish it were true.”

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