ATHENS, Greece – Greek Finance Minister Euclid Tsakalotos says the country is near to securing a new bailout agreement, possibly within the day.
Tsakalotos emerged early Tuesday from nightlong talks with bailout negotiators at a central Athens hotel. He told reporters that discussions have “moved very far forward” and that “two or three details remain.” He did not provide further details.
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Greece’s government is hoping to push the new 85 billion-euro ($93 billion) three-year agreement through parliament this week. However, many in the ruling left-wing Syriza party are voicing their opposition to the deal, which would see the imposition of further spending cuts among a series of austerity measures.
Figures next week are set to confirm that Greece’s recession deepened in the second quarter as concerns over the country’s euro future dented confidence.
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