ATHENS/LISBON (Reuters) – Greece neared a deal with the EU and IMF to avert a near-term default, pushing the euro to a one-month high on Wednesday, but a poor debt auction in Portugal and stalled Spanish wage talks highlighted the risks of contagion.
Sources close to talks between Athens and inspectors from the European Commission, European Central Bank and International Monetary Fund (IMF), said they expected the latest review of Greece's fiscal progress to be completed by Friday.
One Greek official involved in the discussions expressed optimism that the so-called "troika" would release the 12 billion euro tranche Greece needs to cover its short-term funding needs.
via news.yahoo.com
