Greece and its creditors continued marathon talksThursday on how to avoid a bankruptcy in the country, just hours before an EU summit meant to bookend the crisis, dpa reported. "It is ... now the final phase. Either there will be a deal or there will be nothing today," Nikos Filis, a senior official from Greece's ruling SYRIZA party, told the broadcaster MEGA. Greece is running out of money after having struggled for months to strike a deal with its creditors on economic reforms, needed to unlock 7.2 billion euros (8.1 billion dollars) in aid remaining in the country's international bailout. The negotiations are now down to the wire, with the European part of the bailout package due to expire on Tuesday - the same day Greece owes a debt repayment of 1.6 billion euros to the International Monetary Fund (IMF). "Where there is a will, there is a way," EU Economy Commissioner Pierre Moscovici wrote Thursday morning on Twitter. But disagreements remain between the two sides despite around seven hours of talks held Wednesday between Greek Prime Minister Alexis Tsipras and top officials from the creditor institutions - the European Commission, the European Central Bank (ECB) and the IMF. -- SPA 11:09 LOCAL TIME 08:09 GMT تغريد
