The Greek government is optimistic despite international creditors’ pressure for more cuts. The Euro Working Group meeting in Brussels concluded on Wednesday on a positive note. Eurozone sources appeared pleased with the discussion on the process of negotiations and how to make it more productive, whereas the Greek government is hopeful for “a positive conclusion by Sunday.”
A government officials said that there is progress in negotiations, and it is hoped that views will converge between the technical groups and Greek negotiators.
Prime Minister Alexis Tsipras, in telephone contacts with European leaders, is working to clench an interim agreement over the coming week.
The government has shown willingness to compromise in certain areas to pave the way for a final solution in June, however certain “red lines” in the employment and social security sectors are being set to protect vulnerable groups and enhance growth.
Ask me anything
Explore related questions