Lead negotiator claims ongoing negotiations in Brussels will not reach final agreement and senior political figures will have to intervene to secure dealGreece requires intervention at the highest political level in Europe to stave off bankruptcy, Athens’ lead negotiator has admitted after acknowledging that ongoing negotiations in Brussels will not reach a final agreement.Euclid Tsakalotos, the deputy foreign minister who is now leading Greece’s negotiating team, said both sides were drawing closer together but a final “trade-off” would have to take place between senior political figures. Greece must pay the International Monetary Fund €305m (£218m) by 5 June and ministers have admitted the payment cannot be met without securing a deal to release the €7.2bn of loans outstanding on its current bailout programme. Related: Creditors doubtful as Greece predicts bailout deal by Sunday - live updates Continue reading...
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