Greece Sees Bailout Within Reach as Talks Continue in Athens

Greece and its creditors closed in on a deal setting out the terms of a third bailout, as discussions in Athens continued into the early hours of Tuesday.

Negotiators focused on details, including Greece’s fiscal outlook and the size of the total bailout, which may end up slightly higher than the 86 billion euros ($95 billion) envisaged, according to two European officials who asked not to be identified because the talks are private. Both sides agreed on a targeted primary budget deficit of 0.25 percent of gross domestic product in 2015, a 0.5 percent surplus for 2016, 1.75 percent surplus for 2017 and 3.5 percent surplus in 2018, Athens News Agency reported.