German Commissioner is optimistic regarding soln for Greece

German EU Commissioner G. Oettinger believes that there may be a breakthrough this week

Germany’s EU Commissioner Guenter Oettinger said on Sunday morning that a deal with Greece could be achieved this week. “We will need progress at the working group level, in order that we can agree on a reform agenda, perhaps even by the end of the week which would trigger the payment of the last tranche of aid from the current aid program,” he said, speaking with German newspaper Die Welt.

Despite progress in issues such as VAT, Varoufakis admitted that differences remained on labor issues and pensions.

He said that he didn’t expect a solution to come from the meeting between German Chancellor Angela Merkel, French President Francois Hollande and EU President Jean-Claude Juncker in Berlin.