Finance minister says Greece ‘close’ to deal with bailout creditors

Finance minister says Greece ‘close’ to deal with bailout creditors

PanARMENIAN.Net - Greece's finance minister said he is "close to" completing marathon negotiations with the debt-mired country's bailout creditors, the Associated Press reports.

But Yannis Stournaras says he doesn't know whether an agreement, following six months of on-and-off talks, will emerge in a meeting Monday, March 17, a day before the debt inspectors were due to end their visit to Greece.

Greece has survived on international bailouts since it nearly went bankrupt in mid-2010. Payments depend on its compliance with demanded spending cuts and tax increases and pushing on with wide-ranging reforms.

The latest talks with representatives from Greece's European partners, the European Central Bank and the International Monetary Fund have dragged since September. The main sticking points include public sector layoffs and pressing ahead with policies to make it easier to sack people in the private sector.

Related links:
 Top stories
So far 18 people have also been confirmed dead in an avalanche that swept through the Mount Everest base camp.
Investigators say they found a militant ring in Sardinia, with a suicide attacker potentially planning to target the Holy See.
“Every day Americans need a champion, and I want to be that champion, so you can do more than just get by,” Clinton said.
Defense team say he took part in the bombing, but argue that his elder brother, Tamerlan, was the mastermind of the attack.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.