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Eurozone, Greece report progress on bailout talks, negotiations to continue this week

  • Protestrers take part in a May Day rally  in central Athens, on Friday, May 1, 2015. In financially struggling Greece, an estimated 13,000 people took part in three separate May Day marches in Athens, carrying banners and shouting anti-austerity slogans. (AP Photo/Petros Giannakouris)

    Protestrers take part in a May Day rally in central Athens, on Friday, May 1, 2015. In financially struggling Greece, an estimated 13,000 people took part in three separate May Day marches in Athens, carrying banners and shouting anti-austerity slogans. (AP Photo/Petros Giannakouris)  (The Associated Press)

  • People make their way out of the Omonoia metro station in Athens, Greece, Monday, May 4, 2015. Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides said Monday even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments. (AP Photo/Yorgos Karahalis)

    People make their way out of the Omonoia metro station in Athens, Greece, Monday, May 4, 2015. Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides said Monday even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments. (AP Photo/Yorgos Karahalis)  (The Associated Press)

  • A woman paints tables before going on sale at her shop in Athens, Greece, on Monday, May 4, 2015. Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides said Monday even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments. (AP Photo/Yorgos Karahalis)

    A woman paints tables before going on sale at her shop in Athens, Greece, on Monday, May 4, 2015. Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides said Monday even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments. (AP Photo/Yorgos Karahalis)  (The Associated Press)

Officials say talks between Greece and its international creditors on how to stave off bankruptcy have made headway and will continue with the aim of reaching an agreement later this month.

Officials both in Brussels and Athens said progress was visible during talks involving Greek, eurozone and International Monetary Fund negotiators over the weekend, and said negotiations would continue.

An official in Athens, who like others spoke on condition of anonymity because the talks were ongoing, said Monday that "there have been many important steps that bring an agreement closer."

A eurozone official said there was "convergence on some issues" while more work was needed on others. The officials did not elaborate.

If bailout talks collapse, Greece could be facing an exit out of the euro.