January 26, 2012
Key talks between Athens and its private creditors have resumed, with "some progress" made towards agreeing a deal to reduce Greek debt.
The Institute of International Finance, representing creditors, said talks had focused on "legal and technical issues" and would continue on Friday.
The two parties have so far failed to agree an interest rate on new bonds that would replace existing debts.
If a deal can be reached Greece should be in line for extra bailout funds.
Charles Dallara, managing director of the IIF, is participating in talks with Athens for the third successive week.
He and senior adviser Jean Lemierre had a two-hour meeting with Prime Minister Lucas Papademos on Thursday.
Athens has said it hopes to reach an agreement by the end of this week.
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