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Publish Date : 19-Oct-2012

Greece and its international lenders have agreed on most austerity cuts and reforms needed to unlock fresh aid for the near-bankrupt country, the lenders said as they concluded a visit to the Greek capital on Wednesday.

After months of often heated talks, Athens and its European Union and International Monetary Fund lenders appeared to be in the home stretch toward a comprehensive deal to avoid a Greek bankruptcy, though both sides acknowledged some issues remained.

\"The authorities and staff teams agreed on most of the core measures needed to restore the momentum of reform and pave the way for the completion of the review,\" the so-called troika of IMF, European Commission and European Central Bank lenders said.

They said talks on the remaining sticking points, which according to Greek officials centre on job market reforms, will continue with the aim of reaching a deal in the coming days. Financing issues will also be discussed, they added.

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