Lenders make proposal to Athens but no immediate breakthrough expected

PoliticsGreek Politics Tags: Austerity, IMF, Reforms
Photo by Fosphotos
Photo by Fosphotos

Greece and its lenders moved a step closer towards overcoming the impasse in the second review on Friday but it seems unlikely that an agreement will be reached by the Eurogroup on February 20.

Finance Minister Euclid Tsakalotos met with the heads of the institutions and Eurogroup chief Jeroen Dijsselbloem in Brussels on Friday in a meeting designed to get the review moving again after weeks of disagreement and inaction.

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