Greek government under pressure to clinch deal with creditors

Greek premier Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a deal over the Greek bailout.

“During their communication, they expressed their common will for a steady communication throughout the course of negotiations in order to have a mutually beneficial solution soon,” said a Greek government official, who declined to be named, according to Reuters.

Meanwhile, a US Federal Reserve report surfaced over the weekend which indicated that the risk of a possible Greek exit from the eurozone has grown.

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