The European Commission could be ready to agree a deal to unblock funding to Greece within a week, Pierre Moscovici, the European commissioner for economic affairs told Euronews.
Speaking ahead of a meeting with Greek finance minister Yannis Varoufakis, Muscovici said: “I hope that by the next Eurogroup on the 11th of May we are able to say ‘yes’. There is progress strong progress and we are on the right track.”
Discussions to unblock almost 7.2 billion euros needed by Athens to pay off creditors, have stalled on disagreements over the level of reforms which the Prime Minister Alexis Tspiras would be willing to implement.
Previous talks broke down into name-calling as eurogroup finance ministers grew frustrated at the stance of the left-wing government.
Muscovici told Euronews’ Efi Koutsokosta that relations had improved- “the quality of our discussions is higher than it used to be.” – however he ruled out considering Greek requests to of write off a portion of the bailout debt until an agreement over reforms has been concluded.
The IMF, which along with the European Central Bank and the eurozone group funded the original bailouts has said it is ready to discuss such a step.