Greece finance minister: Bail-out deal is close

Credit: Reuters

Greece's finance minister has said he expects an agreement with bail-out creditors within the next week, which would save the country from fast-approaching bankruptcy.

"I think we are very close," Yanis Varoufakis said. "Let's say (it's a matter) of about a week."

Greece, which is facing a liquidity crunch that could see it go bankrupt within weeks and possibly leave the shared euro currency, has to secure a deal with creditors to get a delayed bailout loan - worth €7.2 billion (£5.2bn) - that will help it pay upcoming debts.