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6/1/15

​Greece bailout deal can be reached within week, says German commissioner

t’s still possible for Athens and its lenders to reach a deal on a €7.2-billion bailout this week, said Germany’s EU Commissioner Guenter Oettinger, as the June 5 payment deadline looms and talks have so far yielded no results.

"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," the commissioner told Die Welt in an interview published Monday.

The 5-month negotiations have seen progress when it came to reforms such as value-added tax, but vital issues such as the labor market and the pension system are still in stalemate, Oettinger added.

Read more: Greece bailout deal can be reached within week – German commissioner — RT Business

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