Greek government significantly closer to deal with creditors

Hopes of a deal between the Greek government and the country’s creditors were raised Wednesday following positive statements from both sides.

European Commission President Jean Claude Juncker and Greek Prime Minister Alexis Tsipras spoke on the phone and later issued a joint statement which read:

They took stock of progress made in the talks between Greece and its partners over the last days on a comprehensive set of reforms to achieve a successful completion of the review. They notably discussed the importance of reforms to modernise the pension system so that it is fair, fiscally sustainable and effective in averting old-age poverty.

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(Photo: Trine Juel/