The Greek Finance Minster Euclid Tsakalotos described it as a difficult negotiation and said the pressure to get the deal finalised came from the need to support the banks.
The eurozone has also held out to Greece the possibility of debt relief after a review of progress under the new bailout . However, it has said that relief would come in the form of longer delay before repayments start or finish, not a reduction - or so - called "haircut"-