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Athens expects deal at June 15 Euro Group, dismisses crisis scenario
Last Updated: 2017-05-25 00:00 | Xinhua
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Athens expects a deal on the conclusion of the second review of the third bailout and the next steps that will satisfy both Greece and its international lenders at the next June 15 Euro Group meeting, Greek government spokesman Dimitris Tzanakopoulos said on Thursday.

The Greek official dismissed scenarios of a new looming crisis in the country's cooperation with creditors as the ailing economy needs to repay 7 billion euros (7.85 billion U.S. dollars) maturing debt this July.

"On June 15 there will be an agreement which will cover all the involved sides and there is not a single chance to get into a crisis situation or to need to take recourse to political solutions," he told Greek STAR television channel referring to media reports over a possible rift with creditors or snap general elections.

The Left-led government's collision course with lenders in 2015 brought the country at the brink of default and led to capital controls which are still in effect, before the signing of the third bailout. Two months later Greek Prime Minister Alexis Tsipras triggered early general elections and his party won a fresh mandate.

"Our aim is to tap the markets on a trial basis in order to get prepared because as of August 2018 we must be able to refinance our debt from the markets. This is also the aim of the current program," Tzanakopoulos said.

"Do you believe that Europe wants to bear another rescue program?... I clearly state to you that nobody is working towards this direction," he stressed.

The May 22 meeting of euro zone financial ministers in Brussels ended with no agreement on the closure of the pending bailout assessment that will unlock the next aid tranche for Athens or debt relief measures to allow International Monetary Fund's (IMF) participation in the current program.

The key obstacle according to officials by all sides is the gap between Berlin and IMF on the sustainability of the Greek debt after the end of the third Greek bailout since 2010. (1 euro= 1.1 U.S. dollars)

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