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Greece wants progress noted, but still no deal on reforms

From reuters.com

Greece demanded on Monday that euro zone finance ministers acknowledge progress in fraught negotiations on a cash-for-reform deal, hoping to unlock short-term borrowing to ease its acute financing crunch. However, sources familiar with European Central Bank thinking said there was still too little advance on key issues and too much uncertainty for the bank to allow the Greek government to sell more short-term Treasury bills. Greece is due to make a crucial 750 million euro debt repayment to the International Monetary Fund on Tuesday and is running out of money to keep paying wages and pensions. But government ... (full story)

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