German Finance Minister Wolfgang Schaeuble has confirmed that negotiation talks are going with Greece, but he also said that nothing has been finalized yet. Talks in regard to debt crisis being faced by the latter country were being held.

Wolfgang said that negotiation talks are progressing well. "Considerable progress has been made but I can definitely not confirm reports that are being spread around here and there ... that the talks are almost finished", he further affirmed.

On the other hand, Greek Prime Minister Antonis Samaras affirmed that they have been able to crack a deal with international creditors. It is expected that this new measure will prove beneficial to sort financial problems.

The European Commission is also aware of the matter, which affirmed that the negotiation talks are going one, but the deal has not been finalized yet. They have also asserted that they are quite positive that the deal would strike.

It has become vital to sort financial problem, as Greek Premier has announced that they will run out of cash by next month. In order to save the country, they need to save the release of the 31.2 billion euros. It is expected that things turn out well among the countries.