		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Greece has committed to work intensively with international creditors to resolve outstanding issues holding up its access to bailout loans, according to German Chancellor Angela Merkel.</p>
<p>The creditors have made clear that Greece must improve an offer of reforms it would introduce in exchange for €7.2bn in bailout loans it needs to repay debts due at the end of the month.</p>
<p>Mrs Merkel said that in overnight talks with Greek Prime Minister Alexis Tsipras a clear consensus emerged that “Greece will now work emphatically and at full steam with the three institutions in coming days to try to clear up all the outstanding issues”.</p>
<p>She expressed “hope that the necessary progress can now be made” and underlined that “each day counts”.</p>
<p>In early trading, the Athens stock exchange was up 5.5% on hopes of an impending deal. European markets were up too, with the Euro Stoxx 50 index gaining 0.7%.</p>
<p>Mr Tsipras plans to meet with Jean-Claude Juncker, the head of the European Union’s executive Commission, which is helping to supervise Greece’s bailout programme.</p>
<p>After his talks overnight with Mrs Merkel, Mr Juncker and French President Francois Hollande, the Greek premier said: “We decided to intensify the effort to bridge the remaining differences.”</p>
<p>The lack of progress in the negotiations over the past weeks has revived fears Greece could default on its debts and drop out of the euro, a move that would create huge uncertainty for Europe and global markets.</p>
<p>Piling new pressure on Athens, Standard &#038; Poor’s in New York downgraded Greece’s credit rating one notch on Wednesday, saying it’s likely the country will default on its commercial debt within a year if it can’t strike a deal.</p>
<p>Another ratings agency, Moody’s, noted that while Greece’s problems were mounting, there appeared to be little impact on the markets of other eurozone states, even the economically weaker ones.</p>
<p>Finance ministers from the 19 nations using the euro currency will meet in Luxembourg next Thursday, less than two weeks before Greece’s bailout programme expires and it has a big debt repayment due.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68cd32d9131df">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68cd32d9131df',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
