EU says deal with Greece possible, but still far away

May 29, 2015 8:47 AM

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DRESDEN, Germany (Reuters) – A deal between Greece and its international creditors is possible, but it is still far away and work needs to continue day and night to reach it as Greece is running out of time and money, the EU’s Economic Commissioner Pierre Moscovici said.

“Talks are progressing, they have progressed more in the last 3 weeks than in the last 3 months… also on substance, but we are not there yet and we have little time to find the necessary agreement,” Moscovici told reporters.

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