We have “low expectations” that any final agreement on Greece will be reached– EC

FXStreet (Mumbai) - The European Commission (EC) spokesperson stated at a press conference on Tuesday, that EC has only low expectations that meetings of euro area finance ministers and other EU leaders this week could bring any solution for the debt-ridden Greece.

Key Quotes:

"These are the next steps but for the time being we have low expectations that any final agreement will be tomorrow or at the European Council," the spokeswoman told reporters at a news conference.

"Of course very intense contacts are ongoing between the (Commission) President, (Greek) Prime Minister Tsipras and all other players involved in the euro zone.... But up to this point all these contacts have not been very fruitful."