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Greece aims to have bailout deal by Sunday

Residents enjoy a morning walk at the port of Kalamata, southwestern Greece on Wednesday, May 27, 2015. Greece is out of cash to repay debts due as soon as next week. The country and its creditors — other eurozone countries and the International Monetary Fund — have been locked in negotiations for months on what reforms the southern European country needs to take to get the final batch of loans from its international bailout. (AP Photo/Thanassis Stavrakis)
Residents enjoy a morning walk at the port of Kalamata, southwestern Greece on Wednesday, May 27, 2015. Greece is out of cash to repay debts due as soon as next week. The country and its creditors — other eurozone countries and the International Monetary Fund — have been locked in negotiations for months on what reforms the southern European country needs to take to get the final batch of loans from its international bailout. (AP Photo/Thanassis Stavrakis)

By Associated Press 1 min read

ATHENS, Greece (AP) – Greece says it aims to clinch by Sunday a deal with creditors to get more rescue loans.

Government spokesman Gabriel Sakellaridis told reporters at a briefing on Thursday that “we are going into these negotiations with the aim to have a deal by Sunday.”

Reports from Greece Wednesday that a deal was near caused a market rally, but the optimism proved short-lived as key creditor states, like Germany, quickly warn that a final agreement remained elusive.

Greece has been in talks for four months on what reforms it should make to get the final installment of its bailout program, worth 7.2 billion euros ($8 billion) from fellow eurozone states and the International Monetary Fund. Without the money, it will be unable to pay debts due as soon as June 5.