Other officials, however, are still warning that a default could have unexpected consequences for the rest of Europe and the world economy.
“Right now, practically all the pieces are in place (for a bailout deal),” Angel Gurria, the head of the Organization for Economic Cooperation and Development said Tuesday. But if it unravels, “although we are better off today than we were two years ago for that kind of scenario, we really don’t know which unexpected consequences may happen.”
He said that squabbling among policymakers was creating unnecessary harm to broader financial sentiment.
“Don’t allow any holdout to blackmail the world economy to continue paying a very high price for the uncertainty.”
Elena Becatoros in Athens contributed to this story.
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