The Latest: Eurozone works to keep Greece in euro, official - WAOW - Newsline 9, Wausau News, Weather, Sports

The Latest: Eurozone works to keep Greece in euro, official

Posted:

By The Associated Press
BRUSSELS (AP) -- A European official says Greece's European creditors are seeking a deal that would relieve the pressure on the Greek banks that face an acute liquidity crunch as soon as Monday.

The official, who is close to the negotiations, said leaders from the 19-country eurozone are focused on "plan A" that involves Greece living up to its obligations and staying in the euro.

The official, who spoke on condition of anonymity because he was not authorized to speak publicly, said eurozone leaders hope to issue a statement that would pave the way for the formal for the start of Greek bailout negotiations. The leaders are due to meet later.

That, the official added, would give the "green light" to the European Central Bank to turn up the emergency liquidity assistance it provides to Greek banks.

Powered by Frankly