Mina Andreeva

Greek creditors report progress in talks for new bailout

A European Commission spokeswoman, Mina Andreeva, said the lenders are hoping to finalize the 85-billion euro ($92.5 billion) agreement in time for a major Greek debt repayment in two weeks.

"We believe this is an ambitious yet possible timetable," she said. "Our teams (have been) on the ground (for) almost two weeks, and they report satisfactory progress."