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Greek deal "within sight" maybe

Thursday, June 04, 2015 - 01:50

Greek Prime Minister Alexis Tsipras emerged from late-night talks with senior EU officials in Brussels saying a deal with creditors was ''within sight'' and that Athens would make a payment due to the IMF on Friday. But as Sonia Legg reports, there are still no guarantees.

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They entered the talks side by side and came out later close but not quite close enough. Greek Prime Minister Alexis Tspiras says a deal is "within sight". He also says Athens will make a key payment on Friday to the IMF. Relief - for now at least. Pierre Moscovici is EU Commissioner for Economic and Monetary Affairs (SOUNDBITE) (English) EU COMMISSIONER FOR ECONOMIC AND MONETARY AFFAIRS, PIERRE MOSCOVICI, SAYING: "We have made good progress but I know that there is still a way to go, in order to achieve it and we have little time to do so." There's anger in Greece about the time it's taking to reach an agreement There's also dismay over the reforms Greece may eventually commit to. (SOUNDBITE) (Greek) ATHENS RESIDENT, VANGELIS DALIANIS, AGED 40, SAYING: "I don't know if the talks will go anywhere but one thing's certain - the people will pay for this situation." (SOUNDBITE) (Greek) ATHENS RESIDENT, ZOE SEFERLI, AGED 70, SAYING: "They all have their share of responsibility, all of them. The programme the lenders have proposed won't work unless they want to drive Greece to poverty." Athens has been close to bankruptcy for weeks and the economy is back in recession. Greeks have also been withdrawing money from banks. And a small rise in the euro sparked by the latest talks was shortlived. Ipek Ozkardeskaya is from London Capital Group (SOUNDBITE) (English) MARKET ANALYST AT LONDON CAPITAL GROUP, IPEK OZKARDESKAYA, SAYING: "Greece might find 300 million euros to pay the IMF and the pensioners and the salaries but on June 19 we have another 1.3 billion euro payment on the line and that's going to be seriously complicated, especially given the tight liquidity conditions in the Greek system right now." Details about Greece's proposals are still sketchy. A higher primary surplus - that's what's left from other expenses to fund its debts - is thought possible. But lenders will find it hard to accept Athen's desire for no austerity measures at all.

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Greek deal "within sight" maybe

Thursday, June 04, 2015 - 01:50