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Greece to repay ECB, IMF; deal with EU soon?

FXStreet (Bali) - Greece looks set to repay its debts to the ECB and IMF, while it hopes to reach a deal with the EU soon, said Greek PM Tsipras, in a story carried by Bloomberg.

According to Bloomberg: "Greece will repay its debts to the European Central Bank and the International Monetary Fund and reach a deal “soon” with the euro-area nations that funded most of the country’s financial rescue, Tsipras said in a statement e-mailed to Bloomberg News on Saturday."

Tsipras added: "The deliberation with our European partners has just begun. Despite the fact that there are differences in perspective, I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole.”

Bloomberg also quoted Jeroen Dijsselbloem, chairman of the EU FinMin Group, saying: “It is now up to the Greek government to determine its position on how to move forward. Further decisions will be taken jointly in the Eurogroup in the coming weeks.”

Meanwhile, German Chancellor Angela Merkel, in an interview with Hamburger Abendblatt, said that “Europe will continue to show solidarity with Greece, as well as other countries particularly affected by the crisis, if these countries undertake their own reforms and savings efforts."

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