BUSINESS

IMF official sees Greece deal in three weeks

TAGS: Finance

The upcoming July repayments that Greece owes to its lenders will ensure an agreement will be reached in about three weeks' time, an International Monetary Fund official has told the CNBC business news channel.

“Somebody needs to give something away. There's confidence there will be a deal in three weeks' time because of the time pressure,” the CNBC quoted the official as saying.

Meanwhile, an EU official told CNBC: "It is our goal to reach an agreement on June 15," when a eurozone financial ministers’ meeting will be held in Luxembourg.

Both officials were speaking on condition of anonymity, CNBC said.

Without the deal no new loans can be granted to Athens, even though the bailout is now handled only by eurozone governments and Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July.

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