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| Greece closer to bailout deal, says Tsakalotos | Greece closer to bailout deal, says Tsakalotos |
| (about 1 hour later) | |
| Greece only has minor details to be ironed out with its creditors to reach a bailout deal, according to Greek finance minister Euclid Tsakalotos. | Greece only has minor details to be ironed out with its creditors to reach a bailout deal, according to Greek finance minister Euclid Tsakalotos. |
| "Two or three small issues," are pending with lenders, Reuters quoted Mr Tsakalotos as saying. | "Two or three small issues," are pending with lenders, Reuters quoted Mr Tsakalotos as saying. |
| An agreement is needed keep the country in the eurozone and avert bankruptcy. | An agreement is needed keep the country in the eurozone and avert bankruptcy. |
| Greece's government is hoping to push the new €86bn (£60bn) three-year agreement through parliament this week. | |
| The country needs a deal by 20 August, when the country has a debt repayment of about €3bn to make to the European Central Bank. | |
| Greece will not be able to make that payment without funds emerging from the country's third bailout in just over five years. | |
| Emerging from all-night talks at a central Athens hotel with negotiators representing Greece's creditors, Mr Tsakalotos said: "I think we are very close." | |
| "Two or three very small details remain,'' he added. | |
| Earlier, Reuters quoted a Greek official as saying an agreement had been reached. | |
| Greece has agreed the function of a new independent privatisation fund, and how non-performing bank loans will be administered, according to the official. | Greece has agreed the function of a new independent privatisation fund, and how non-performing bank loans will be administered, according to the official. |
| Both issues had been key sticking points in negotiations. | Both issues had been key sticking points in negotiations. |
| "Finally, we have white smoke," the official was quoted as saying. | "Finally, we have white smoke," the official was quoted as saying. |