A deal between cash-strapped Greece and its international lenders over reforms is apparently “close,” but differences over the detail—and questions over whether they can be reconciled — remain.
Hopes of an agreement between Greece and the bodies overseeing its aid—the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF)—were raised on Wednesday after the lenders appeared to be ready to compromise, offering Greece room for maneuver on certain aspects of its bailout program.
As details of the proposals emerged on Wednesday, Greek Prime Minister Alexis Tsipras traveled to Brussels to meet with the Commission President, Jean-Claude Juncker, and discuss the ongoing impasse between the two sides over reforms and the future of Greece’s bailout.
