European Commission president Jean-Claude Juncker has express optimism ahead of the next eurozone finance ministers meeting on Saturday to decide the fate of Greece’s debt repayments.
The comment comes as Greece’s Prime Minister Alexis Tsipras failed to reach a deal with creditors on their much-awaited meeting on Thursday.
However, Juncker said: “Everyone should know that tomorrow is a crucial day. I’m quite optimistic but not overoptimistic,” the Financial Times reports.
The president of the European Council, Donald Tusk, also said financial ministers of the eurogroup, which includes the financial ministers of 19 eurozone member states headed by Dutch finance minister Jeroen Dijsselbloem, should continue to work on the details on VAT and pension reforms for Greece.
He said: “The proper format for negotiations is the Eurogroup. Eurogroup are working and we expect results because the next meeting will be on Saturday.”
The Greek government could face default if it fails to make a €1.6bn (£1.1bn) IMF debt repayment by Tuesday.
Juncker has recently accused the Greek government of misleading its voters over bailout proposals as Greek prime minister Alexis Tsipras claimed creditors were trying to humiliate Greece.