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Saturday, August 8, 2015

EU told Greece on track for possible bailout deal next week-source

Greece is on track to complete a draft deal with international creditors on a third bailout by next Tuesday with a possible first disbursement by Aug. 20, a source familiar with a conference call of senior EU finance officials on Friday said. If a draft memorandum of understanding and an updated debt sustainability analysis are ready as planned on Tuesday, the Greek government and parliament would be expected to approve them by Thursday. Euro zone finance ministers could then meet or hold a teleconference on Friday to endorse an up to 86 billion euro three-year loan programme for Athens, the source said.


READ THE ORIGINAL POST AT uk.news.yahoo.com