Greece reform proposals see progress in some areas

FXStreet (Bali) - Negotiations between Greek officials and representatives of creditor institutions are showing some progress, Bloomberg reports, citing a Greek govt official.

Greek source said, Bloomberg adds, that "reports that Greek govt was unprepared are unfounded, distort reality", with negotiations continuing "on the basis of reforms proposed by Greek side, which don’t include recessionary measures" the unnamed official said.

Once negotiations in the Brussels Group finalize, the list will be officially submitted to the Euro Working Group.