Greek Debt Talks Nearing An End

After months of negotiations between the EU and Greek officials, it seems that the talks regarding Greece's bailout package are nearing their end, for better or worse.

Although it has been a bumpy road, most believe that the two sides will reach an agreement before April 20, when Athens is expected to run out of cash.

Strained Relationship

Greek Prime Minister Alexis Tsipras said Monday that he was looking to compromise with the EU and the IMF on the terms of Greece's bailout cash, but that the nation would not agree to an "unconditional" deal.

Greek creditors have been reluctant to accept Tsipras' proposals as they are said to lack detail and don't show enough commitment to economic reform.

Since taking office, Tsipras has reversed several of the austerity measures that Athens agreed to in order to get bailout money in the past, making his relationship with Germany, which has footed most of the bill, rocky.

Grexit Still On The Table?

If the two sides don't agree in the coming days, a Greek exit from the eurozone could still be a possibility. While most don't expect such an extreme outcome, some believe a Grexit wouldn't spell disaster for the bloc.

Warren Buffett commented on Tuesday that a Grexit might be a step forward for the eurozone. In his view, the region's fiscal policies have become somewhat of a joke and refusing Athens money if it doesn't comply with its bailout terms could draw a line in the sand.

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Deal Likely

However, most are expecting that the two sides will reach an agreement as it would be in both the EU and Athens' best interest to keep Greece afloat.

Greece's Minister of Economy George Stathakis said Wednesday that he sees a deal being announced next week. He said the nation is working to amend some of its austerity measures, but is still willing to make necessary changes in order to satisfy its creditors.