Greece and creditors closer to an agreement, "Grexit" no longer a threat - sources
Monday, 13 July 2015
Greece and its creditors took a significant step towards an agreement, early on Monday morning in Brussels.
According to well-informed sources, the result is that the threat of a "Grexit" has been completely removed, while the conditions of Greece's financial support agreement in the short and medium term are emerging gradually.
The needs of the country over the next few weeks, until a new programme is finalised, are expected to be covered by 60 billion euros in EFSM funds which remain inactive and can only be released by the approval of the 28-member EU.