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Deal on Greece by early next week, says Bloomberg

Greece and its euro-area partners are stepping up talks in a bid to break an impasse over bailout aid as early as next week, even as the country’s government sent conflicting signals over its willingness to agree on long-stalled reforms, according to Bloomberg news agency.

A key factor in a potential breakthrough may be the decision by Prime Minister Alexis Tsipras to intervene and play a major role in the negotiations to help the process along. That gave the signal that his government may at last be willing to do what’s needed to unlock the stalled bailout, Bloomberg noted.

“There seems to be movement in translating the bullet points into action,” Austrian Finance Minister Hans Joerg Schelling said in an interview in Vienna Wednesday ahead of the euro-area talks. “There is a clear recognition that we have to have enough on the 11th to be able to keep talking.”

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