Open questions remain before Greece bailout deal: Sources
A source from one of Greece’s international creditors says "many open questions" remain before the debt-ridden country and the creditors reach an agreement in the latest round of bailout talks.
The unnamed source made the remarks as the latest round of talks is expected to end on Sunday.
“There is progress, but also many open questions,” the source said, adding, however, that “on some questions, there is considerably more willingness to compromise (from Greece).”
The source added that it was not clear how long it would take for an agreement to be reached.
On May 1, Athens said it was willing to make concessions.
The Greek government, whose leftist Syriza party stormed to victory in the January 25 elections, has proposed reforms including measures put forward by Finance Minister Yanis Varoufakis during three months of ongoing negotiations.
Athens has proposed the reforms in the hope of convincing the lenders to unblock USD 7.9 billion in remaining bailout money that the Mediterranean country needs to avoid defaulting on its foreign debt.
Greece has been under pressure to make reforms in pensions, the labor market and taxation.Greece bailout: Open questions remain
Greece received two bailouts in 2010 and 2012 worth a total of €240 billion (USD 272 billion) from the so-called troika of international lenders, namely the European Commission, the European Central Bank and the International Monetary Fund, following the 2009 economic crisis. However, it has been unable to borrow on international markets over the past few years due to high borrowing rates.
SZH/HSN/HMV
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