Hopes for a deal between Greece and its international lenders were quickly raised and dashed when Greek optimism of an agreement appeared to be out of kilter with European officials—who denied a deal was near.
Ewald Nowotny, governor of the National Bank of Austria and a leading member of the European Central Bank's governing council, told CNBC on Wednesday that the talks always generated "a lot of noise."
"I think the important point is to distinguish the noise from the fact. For us, it is quite clear that we have certain conditions to be met," Nowotny said.
Talks between Greece and its lenders and euro zone partners continued in Brussels Wednesday, with the Greek government sounding a positive note that it was looking to draft an agreement with creditors that would release aid.