Greece close to deal on debt: German source
Agreement, if signed, would allow much-needed funds to flow to Athens
Berlin: Greece is close to a deal with international creditors that would allow much-needed funds to flow to Athens, although many questions remain, a senior German official said on Thursday.
Speaking to reporters before a meeting of the Group of 20 leading countries this weekend in Mexico, the official, who requested anonymity, said: “We are close to an agreement on Greece and close to an accord within the troika.”
The troika of lenders — the European Commission, the European Central Bank and the International Monetary Fund — is putting finishing touches to a report that will determine whether Greece has completed enough reforms to get its next slice of bailout cash.
Greek Prime Minister Antonis Samaras has said the coffers in Athens will run dry on November 16 unless his country receives the €31.2 billion (Dh150 billion or $40.4 billion) in rescue funding.
