September 20, 2011
Greece said it had "a productive and substantive discussion" with its official creditors on Monday in talks aimed at releasing a new slice of bailout aid, and a Greek finance ministry official said an agreement was close.
U.S. stocks, which had initially declined on Greek-induced gloom, recovered some of their losses late in the trading day after the Greek statement.
Following Finance Minister Evangelos Venizelos's conference call Monday evening with the troika—the International Monetary Fund, European Commission and European Central Bank—the ministry said another call would take place Tuesday, after technical discussions. A Greek official said an announcement was likely on Wednesday.
There was no immediate response from the troika.
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