February 7, 2012
Talks between Greece and its international creditors appeared on the verge of concluding Tuesday as Greek government officials were putting together a detailed final document on a loan deal ahead of a party leaders meeting later in the day.
Greek Prime Minister Lucas Papademos and the political leaders backing his interim government will try again Tuesday at 7 p.m. GMT to agree on the cutbacks needed to win a new bailout deal and avoid defaulting on its debts next month.
At midafternoon Tuesday, finance ministry officials, as well as a technical level delegation from the international creditors, were huddled over a roughly 15-page document outlining the terms of the loan package.
"The Greek government is working on the final document of the agreement that will be discussed by political leaders later in the day," a government official said.
Overshadowing talks is growing pressure from international creditors and a nationwide strike by civil servants and private-sector workers to protest new cutbacks.
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