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> Politics

Deal looming in Brussels?

It seems that top political officials of Greece and the EU have reached an agreement of a transitional deal - Finalizing the terms until Monday

Newsroom February 12 09:00

The Greek government and its European partners seem to be on the verge of a deal mediated by the IMF. So far, this information has not been denied by any official sources.

The new deal will be a mixture of the previous “Memorandum” and the new proposals by the government.

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According to the same sources, the deal was announced at the summit by Eurogroup head Jeroen Dijsselbloem.

A key point for the agreement between the Greek Prime Minister Alexis Tsipras and Dijsselbloem calls for the immediate collaboration of technocrats from either side.

The agreement under discussion would guarantee liquidity to the Greek banking system and the smooth servicing of the country’s financing for the coming months. The duration will range from 3-6 months with the Greek side seeking the maximum.

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