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Cash-for-Reforms Deal Unlikely on Sunday for Greece: Sources

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Cash-for-Reforms Deal Unlikely on Sunday for Greece: Sources

2015-05-31 12:40:37

Sources say Greece and its creditors are expected to miss a self-imposed Sunday deadline for reaching an agreement to unlock aid for the cash starved nation.
Athens and its euro zone and International Monetary Fund creditors have been locked in talks for months without luck on a deal. Athens is feeling the heat as it faces a debt payment on June 5 as well as the expiration of its bailout program on June 30.
The government said this week it was looking for a deal by Sunday, but sources close to the talks at the so-called Brussels Group of EU/IMF creditors said that was unlikely.
a Greek government official said they don't expect a deal to come out of Brussel Group on Sunday, but they are close to reaching one.

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