`Low expectation` of Greece deal at meetings this week: EU

The EU sees little chance of any final pact to resolve the debt standoff with the new Greek government at meetings in Brussels this week, a European Commission spokeswoman said Tuesday.

Brussels: The EU sees little chance of any final pact to resolve the debt standoff with the new Greek government at meetings in Brussels this week, a European Commission spokeswoman said Tuesday.

"We have low expectations that any final agreements will be reached tomorrow or at the European Council," Mina Andreeva told reporters, referring to an emergency meeting of eurozone finance ministers on Wednesday and an EU leaders` summit on Thursday.

European Commission chief Jean-Claude Juncker was in "very intense contacts" with Greek Prime Minister Alexis Tsipras and the rest of the eurozone "but up to this point these contacts have not been very fruitful," she added.

But she played down speculation of a possible Greek exit from the euro, a prospect that has spooked financial markets and governments around the world, saying Juncker had rejected it in a speech on Monday.

"Grexit is not his scenario," she said. "He said the only plan we are now working on is to keep Greece firmly in the eurozone."

Greece will use the meetings with the 28-nation European Union to plead its case for stop-gap financing, with a view to clinching an austerity-free reform deal to run from September 1.

A further "Eurogroup" of finance ministers from the 19 countries that use the euro will take place on Monday.

Greece is under pressure to win approval for a new deal as quickly as possible because the European portion of the EU-IMF bailout is due to expire at the end of the month.

Tsipras is pushing for creditors to loosen the tough conditions of the 240-billion-euro ($270-billion) bailout Greece was forced to accept in the aftermath of the financial crisis, to allow it to spend more to give its economy a boost.

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