Off the wire
Alizaden of Iran leads Tour of Qinghai Lake cycling  • Military inspectors nab another "tiger" in graft probe  • 1st LD Writethru: 3 injured as roadside bomb targets police van in S. Afghanistan  • Trilateral economic corridor to boost China-Mongolia cooperation: Chinese FM  • Slovakia to aid Austria in tackling migration crisis  • NATO ships hold anti-submarine joint drill in Black Sea  • Roundup: Singapore stocks end up 0.38 pct  • Urgent: Casualties feared as roadside bomb targets police van in S. Afghanistan  • Roundup: Iran marks Jerusalem Day, urges West to stop excessive demands for nuclear deal  • Britain urges Britons to leave Tunisia amid rising terror threat  
You are here:   Home

1st LD Writethru: No summit on Sunday if Greece aid deal agreed at Saturday's Eurogroup meeting

Xinhua, July 10, 2015 Adjust font size:

There won't be a summit on Sunday if a deal on aid for Greece is reached at Saturday's Eurogroup meeting, a European official said at a briefing on Friday.

A senior EU official said a list of proposed "prior actions" from Greece was received by the Eurogroup on Thursday night and the European institutions have access to it.

"On 10 a.m. Saturday (0800 GMT), the Euro working group will look at the assessment of the institutions about the prior actions to see if conditions are met," the official said.

He added that if Saturday's Eurogroup meeting led to an agreement there would be no summit on Sunday, and if no agreement, the consequences were "quite clear".

The official also said that bridge financing for Greece would also be discussed if the aid program was agreed upon at the Eurogroup meeting.

Greece submitted its formal request to the European Stability Mechanism (ESM) on Wednesday, asking for a three-year loan from the bailout fund. The financially-troubled country then submitted a detailed reform proposals to Eurogroup on Thursday night, aiming to avoid a possible Greek default and "Grexit."

EU leaders have set Sunday as the other deadline for the month-long deadlocked Greek debt talks and warned that Greece may have to quit the currency zone if relevant parties fail to reach an agreement. Endit