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Athens touts ‘positive’ outcome of EU bailout talks

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The Greek government said talks Monday with its eurozone partners in Brussels on extending Athens' financial aid had a "positive" outcome and that technical details would be hammered out in two days.

"The result of the Eurogroup is positive... and technical discussions begin Wednesday in Brussels," the new radical left government said in a statement, noting a "willingness to resolve (Greece's) financial problem rapidly".

The development is a "positive signal that there may be a softening of the ECB's position towards Greece," the statement said, adding that the talks had succeeded "despite the disinformation of the last few days".

The European Central Bank is part of the trio, or "troika" of creditors behind Greece's second bailout since 2010 along with the European Union and the International Monetary Fund.

The Athens stock market closed before the upbeat government statement, plunging 4.18 percent.

Prime Minister Alexis Tsipras vowed on his election in January to renegotiate Greece's debts and end austerity measures imposed under the two bailouts together worth 240 billion euros.

Earlier Monday, a government spokesman said Athens was ready to submit additional reform proposals to the international creditors.

He said the government was pleased that talks on the proposals would take place in Brussels and not in Athens, as in the past when visits by troika auditors "humiliated" Greeks.

The Greek government said talks Monday with its eurozone partners in Brussels on extending Athens’ financial aid had a “positive” outcome and that technical details would be hammered out in two days.

“The result of the Eurogroup is positive… and technical discussions begin Wednesday in Brussels,” the new radical left government said in a statement, noting a “willingness to resolve (Greece’s) financial problem rapidly”.

The development is a “positive signal that there may be a softening of the ECB’s position towards Greece,” the statement said, adding that the talks had succeeded “despite the disinformation of the last few days”.

The European Central Bank is part of the trio, or “troika” of creditors behind Greece’s second bailout since 2010 along with the European Union and the International Monetary Fund.

The Athens stock market closed before the upbeat government statement, plunging 4.18 percent.

Prime Minister Alexis Tsipras vowed on his election in January to renegotiate Greece’s debts and end austerity measures imposed under the two bailouts together worth 240 billion euros.

Earlier Monday, a government spokesman said Athens was ready to submit additional reform proposals to the international creditors.

He said the government was pleased that talks on the proposals would take place in Brussels and not in Athens, as in the past when visits by troika auditors “humiliated” Greeks.

AFP
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