Greece nears €86bn accord with creditors

``An EU official said that even if Wolfgang Schäuble, Berlin's hawkish finance minister, dug in his heels, chancellor Angela Merkel would not want Berlin isolated... to sell the deal to the German parliament, the chancellor will want to have the IMF on board. Fund negotiators have signalled that they will back the proposed deal, but the IMF board has been warned by the institution's staff that Greece no longer qualifies for support, because of high debt levels and its poor reforms record. A final IMF decision on the programme may come only late this year and could depend on the EU creditors granting Athens more relief on Greece's €320bn foreign debt.''