Greece and its creditors are not in talks on extending the country’s bailout until the autumn, with negotiations focused on meeting the program’s conditions by the time it expires in June, a senior European Commission official said. Greece and the European Commission, the European Central Bank and the International Monetary Fund — the institutions representing the lenders

— are in intensive talks on what reforms Athens must implement to get the funds remaining under the current bailout deal. The negotiators are running out of time to clinch a deal before Greece runs out of money next month and German newspaper Sueddeutsche Zeitung reported a senior EU official as saying euro zone countries were considering extending the bailout over the summer. FULL REPORT