Probability of achieving a Greek deal is 50/50 – Germany’s Schaeuble

FXStreet (Mumbai) - Ahead of the Eurogroup meeting on Saturday, German finance minister Schaeuble said the probability of a Greek deal is 50/50.

As per an EU official, no proposal is being considered in regards to a Greek deal, however, creditors have put forward a five month bailout extension.

There also reports that the EU is preparing an emergency plan in case Greece rejects the proposal.