European agreement with Greece could be hours away, Hollande
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French President François Hollande said an agreement betweeen the European Union and Greece could be just hours away on Wednesday ahead of a meeting between Greek Prime Minister Alexis Tsipras and European Commission president Jean-Claude Juncker.
"We are a few days, I don't want to say a few hours, away from a possible settlement," Hollande said in a speech at the Paris-based Organisation of Economic Cooperation and
Development (OECD) on Wednesday afternoon.
"To demand too much from Greece will prevent the return of growth," he said. "But asking for nothing or not enough would have consequences for the whole eurozone", which must "find the conditions for stability".
Sources say that the lenders want Greece to have a surplus of one per cent this year, rising to 3.5 per cent in 2018.