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EC Official Denies Greek Government’s Statement That a Deal Is Close

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Greek Bailout Could Steal the Stage at G-7 Meeting

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Greece remained far apart from its international creditors on a deal to unlock needed bailout aid, with the two sides unable to even agree on the amount of progress made thus far.

After a Greek official said the country will start drafting an accord at a meeting taking place Wednesday, and Prime Minister Alexis Tsipras told reporters that a solution is close -- the European Commission responded to say a deal is not imminent and that a lot of work remains to be done.