According to Bloomberg news agency, negotiations between Greece and its creditors, the European institutions and the IMF (Quartet), will drag on till summer, when Greece will have to pay a large part of its debt. Bloomberg claims that even though pundits believe talks between the two sides are expected to wrap up with a positive review soon, discussions might be prolonged well into summer causing great uncertainty and instability to the cash strapped country. European Commissioner for the Euro Valdis Dombrovskis said that the deal could be achieved within a matter of weeks, if Greece implemented some reforms to meet its fiscal target. Meanwhile, German Finance Minister Wolfgang Schauble stressed on German TV that Greece should do more, while he reiterated his views on the IMF remaining on the Greek program. Head of the EFSM Klaus Regling supported underlined that reforms could render the huge Greek debt sustainable without the need for a ‘haircut’. Finally, head of the Eurogroup Jeroen Dijsselbloem expressed hope that a deal between Greece and the Quartet could be sealed either until the upcoming April 22 Eurogroup meeting, or at most the May 24 meeting. Time is running out for Greece as it has to pay 650mln Euros to the IMF in June and another 2.3bln to the ECB on July 20.