Friday, February 20, 2015

Greece and Eurozone Creditors Appear Close to Breakthrough

from nytimes

BRUSSELS — Greece and its eurozone creditors appear to be edging towards a deal as finance ministers sat down to thrash out a short statement on the country's request for an extension to its loan arrangements.
An official close to the discussions, who spoke only on condition of anonymity because he wasn't authorized to speak publicly, says the statement would address only Greece's request for an extension to its loan arrangement. He said Friday that details would be worked out in future meetings on a technical level.
The talk of an apparent breakthrough has helped the euro rally and U.S. stock markets to turn positive.
The meeting was delayed by 4 hours as the finance ministers worked in clusters where details of the statement were discussed.

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