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Greek FM says Deal will Happen

Greek Finance Minister Yanis Varoufakis said on Saturday he believed Athens would reach an agreement with its EU lenders about the way out of its international bailout, "even at the last minute".

Asked in an interview with the Greek daily Kathimerini what would happen if no agreement was reached at Monday's Eurogroup meeting, and whether euro zone finance ministers would meet again in the coming days, Varoufakis said: "Our strong stance, based on logic, will lead to an agreement, even at the 11th hour."

Varoufakis said the two sides had agreed on many issues but privatizations and labor issues remained sticking points.

The interview followed last week’s failure to reach a deal with the European Union to stay in an EU bailout program. At the meeting which took place on Wednesday, Varoufakis proposed new reforms and asked for a "bridge program" to cover the government's funding needs until a new debt pact, stating the talks had been "very good" and adding that a "healing deal" on Greece's finances could be reached on Monday.

Cina Coren
About Cina Coren
Cina Coren is a former Wall Street broker and financial advisor. She holds a Master's degree in Communications and spent many years writing for international news outlets and journalistic publications. Today, Cina spends most of her time writing internet articles and blogs, and reading various newspapers to stay on top of the news.
 

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