Greece is optimistic about reaching a deal on economic reforms with its eurozone peers early next week, unblocking urgently needed funding, its economy minister said yesterday.

After talks with EU leaders, including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its eurozone partners by Monday in the hope of unlocking aid and avoiding bankruptcy.

“I believe that at the beginning of next week we will have an agreement on the package of reforms the Greek government is proposing, and on the funding of the country,” Economy Minister George Stathakis said.

He did not specify when the list would be sent.

The reforms are a sensitive issue for Prime Minister Alexis Tsipras’s leftwing government, which came to power in January pledging to end austerity.

It is not clear whether they will include measures agreed by the previous conservative-led government, such as privatisations and pension reforms.

Euro one authorities have said Athens, which has been kept afloat by EU/IMF bailouts worth €240 billion since 2010, will not get any further aid until the reforms are approved by the bloc’s finance ministers.

A source familiar with Greece’s financial position told Reuters Athens would run out of money on April 20 without new cash.

In a setback to the government on Wednesday, Greece failed to secure a quick cash payment from the euro one after officials said Athens was not entitled to €1.2 billion from the European Financial Stability Facility.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.