Greece finally has 'white smoke' deal with creditors
“Two or three small issues,” are pending with lenders, Tsakalotos told reporters after 18 hours of talks with European institutions and the International Monetary Fund in Athens.
Greece needs up to 86 billion euros to stave off a financial meltdown and maintain its position in the euro zone. At least 3.0 billion is needed by Aug. 20 to settle a debt to the European Central Bank.
Earlier, a senior Greek finance ministry official said the two sides had agreed on a wealth fund to handle privatisations, and how to address non-performing loans in its banking sector. Both issues had been key sticking points in negotiations.
“Finally, we have white smoke,” the official said.