World

Greek prime minister optimistic deal with bailout creditors will be reached soon

  • A woman walks on Pnyx hill in front of the ancient Acropolis of Athens, on Wednesday, May 6, 2015. Cash-strapped Greece scraped together a 200 million-euro ($222 million) repayment to the International Monetary Fund on Wednesday amid signs its long-stalled bailout negotiations were making some progress. (AP Photo/Petros Giannakouris)

    A woman walks on Pnyx hill in front of the ancient Acropolis of Athens, on Wednesday, May 6, 2015. Cash-strapped Greece scraped together a 200 million-euro ($222 million) repayment to the International Monetary Fund on Wednesday amid signs its long-stalled bailout negotiations were making some progress. (AP Photo/Petros Giannakouris)  (The Associated Press)

  • A street fruit vendor lights a cigarette in Athens, Greece, Friday, May 8, 2015. Greece’s prime minister said Friday he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, so averting a potential default.  (AP Photo/Yorgos Karahalis)

    A street fruit vendor lights a cigarette in Athens, Greece, Friday, May 8, 2015. Greece’s prime minister said Friday he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, so averting a potential default. (AP Photo/Yorgos Karahalis)  (The Associated Press)

  • People buy fruits from a street vendor in Athens, Greece, Friday, May 8, 2015. Greece’s prime minister said Friday he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, so averting a potential default.  (AP Photo/Yorgos Karahalis)

    People buy fruits from a street vendor in Athens, Greece, Friday, May 8, 2015. Greece’s prime minister said Friday he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, so averting a potential default. (AP Photo/Yorgos Karahalis)  (The Associated Press)

Greece's prime minister says he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, averting a potential default.

Speaking in Parliament Friday, Alexis Tsipras said Greece was doing everything it could to reach a deal with its creditors in Europe and the International Monetary Fund.

He said whether a deal was reached no longer rested on technical issues but on political will among creditors.

Negotiations between Greece, other eurozone countries and the IMF have faltered for months, since Tsipras' radical left government won January elections on promises of repealing austerity measures accompanying the country's bailout.

Time is running out for Greece, which desperately needs an agreement so creditors can release the final 7.2 billion euro ($8.1 billion) installment of its 240 billion euro bailout.