Greece may be near deal with creditors
BRUSSELS – Greece and its creditors edged closer to a deal on loans needed to avoid a potentially disastrous bankruptcy, but angry objections in Athens to some demands kept the talks on edge ahead of a key meeting this weekend.
The government Friday agreed to key reforms that are close to what creditors have demanded before they release new loans, officials said on condition of anonymity because of the sensitivity of the negotiations.
The creditors in return offered Greece a five-month extension to its bailout program, which would otherwise end Tuesday, leaving the country facing a financial meltdown.
Without a deal, the country would default on a debt due Tuesday.
Associated Press
