UPDATE: Greece and Creditors Started Crafting Staff Level Accord - Bloomberg Citing Official

Greece and creditors began crafting a staff level according, according to Bloomberg, citing an official. Bank deposits are safe, the official said, but the deal will include lower primary surpluses. It will also include a long term solution on debt. Greece will change its pension system but won't cut pensions.

Disagreement among creditors is seen as a problem.

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