Greek debt deal expected within the next week

The Greek government, EU and IMF have been locked in negotiations over economic reforms they say must be implemented before the latest €7.2 billion tranche of the country's bailout fund is released.

Greek Finance Minister Yanis Varoufakis has said he expects an agreement with the country's international creditors within the next week.

Greece is fast-approaching bankruptcy and is due to make a payment of €1.5 billion to the International Monetary Fund on 5 June.

Varoufakis told Star TV a deal with creditors was "very close" and denied the country might leave the eurozone.

"Another currency is not on our radar," he added.

The Greek government, EU and IMF have been locked in negotiations over economic reforms they say must be implemented before the latest €7.2 billion tranche of the country's bailout fund is released.

Issues over pension reform, deregulation of the labour market, and the re-hiring of 4,000 former civil servants are yet to be resolved.

The deadlock has led to concerns that Greece could run out of cash.

Last week, the government raided its IMF reserves in order to pay €750 milliom in debt interest on its existing loans.

Varoufakis said a payment deal was on the cards, but insisted he would reject any compromise he considered "non-viable".