European Commission: Theres is progress, but some issues still open

Commission does not deem EU Summit necessary now

European Commission spokesperson for Economic and Financial Affairs Annika Breidthardt told the press, Friday, there could be no forecast as to when a deal would be achieved between Greece and the institutions. The spokesperson said the Commission would continue to cooperate with the Greek authorities for a ‘complete political solution reflecting the letter and the spirit of the agreement reached last July’. She added the Commission believed all the preconditions for a deal soon were present. She underlined that 99% of the prerequisites had been agreed upon, with the only outstanding matter being the contingency measures. On the matter of a possible EU Summit meeting she reiterated the position of Donad Tusk that more work is needed by the EU Finance Ministers on the Greek issue.