Greek PM believes EU interim deal to be in place by May 9

PanARMENIAN.Net - Prime Minister Alexis Tsipras has said Greece is in the final, critical stretch of talks with its international creditors and that he believes an interim deal will be in place by May 9, BBC News reports.

The objective was to find an agreement this week or next week at the latest, he said in a marathon TV interview.

He defended Finance Minister Yanis Varoufakis, who was sidelined from Greece's negotiating team on Monday, April 27. But he admitted mistakes had been made in talks with EU partners.

Since Greece's left-wing Syriza party came to power on Jan 25, it has sought to renegotiate the terms of the country's €240bn ($260bn) bailout from the IMF and EU. However, its negotiators have so far failed to satisfy Greece's international creditors with the scope of economic reforms required before the EU hands over the latest €7.2bn tranche of the bailout, which the government needs to pay its bills.

Varoufakis was left isolated at an EU finance ministers meeting in Latvia on Friday, skipping a state dinner and tweeting a line from late US President Franklin Roosevelt.

Describing Varoufakis as an important asset for Greece, Tsipras argued that he had annoyed his European colleagues because he spoke their language better than they did.

From now on, Greece's negotiations will be led by another economist in the government, Euclid Tsakalotos.

In his three-hour appearance on Greece's Star TV late on Monday night, Mr Tsipras acknowledged there was a "negative atmosphere" surrounding the talks but he suggested it was all a standard part of negotiations.

He was also critical of the government's European negotiating partners, accusing them of reneging on a verbal commitment in February to allow Greek banks to finance the government.

"I believe we are close. I believe that if no-one wants to undermine or torpedo [the talks] we are close to an accepted package," the Prime Minister said.

There would be concessions, he said, such as the part privatization of Piraeus port and the leasing of 14 regional airports.

Greece is facing a €200m debt interest payment to the International Monetary Fund on May 1 and has appealed to various public bodies to provide money from their cash reserves. But the big debt interest payment facing the government is on May 12, when the government will have find another €750m.

The Prime Minister rejected the idea of snap elections if the talks failed but he did say that a referendum could be held on a final deal.

"If the solution falls outside our mandate, I will not have the right to violate it, so the solution to which we will come to will have to be approved by the Greek people," he said.