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Saturday, August 8, 2015

Greek government says poring over draft of third bailout agreement

Greek government officials are poring over a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days. Athens is racing to wrap up the bailout agreement of as much as 86 billion euros (£60.89 billion) by as early as Tuesday in a bid to get the first disbursement of aid by Aug. 20, when it faces a debt payment to the European Central Bank. Officials from European Union and International Monetary Fund lenders met Greece's finance and economy ministers in Athens on Saturday after EU finance officials held a teleconference on Friday and noted progress in the talks.


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