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Athens - Greek political leaders have reached a deal with EU and IMF lenders on reforms required in return for a new bailout, the office of Prime Minister Lucas Papademos said on Thursday.
“The consultations between the government and the troika on the issue which remained open for further discussion were successfully completed this morning. The political leaders agreed on the outcome of these talks,” Papademos’ office said.
“There is broad agreement on the content of the new programme ahead of today’s Eurogroup meeting,” the statement said.
The euro hit a two-month high above $1.33 after the announcement.
The unit jumped to $1.3321, up 0.4% on the day and its
highest since early December. With much of the market still scurrying to cover
bets against the currency, some traders said the currency could be headed for
$1.35 in the short run.
Talks continue
The International Monetary Fund and Greek authorities are continuing talks on
details of a new rescue package following an agreement among the country’s
political parties, an IMF spokesperson said.
“An important initial step was to get the agreement among the
coalition leaders in Athens and the next step is to continue the discussions on
that basis,” IMF spokesman Gerry Rice told a regular press briefing.