Greek bailout deal to be reached within "days," top EU official says

A deal between Greece and its creditors that will allow the cash-strapped country to tap further bailout aid is expected within days, a top EU official says.

"Staff-level agreement to be finalized in coming days," European Commission Vice President Valdis Dombrovskis writes on Twitter following an extraordinary meeting of eurozone finance ministers.

He says the deal will include a further set of cost-cutting measures that the creditors have demanded of Greece as a contingency to be implemented if the country fails to stick by its economic targets.

The eurozone ministers will discuss debt relief measures for Greece at their next meeting on May 24, Dombrovskis adds, saying that "short, medium and long-term debt measures" will be considered.

Last update: Fri, 24/06/2016 - 08:49
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