Greece Sees Bailout Deal in Time to Meet $3.5 Billion Due to ECB
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Greece’s government aims to reach agreement with creditors on a new bailout within the next two weeks, enabling it to make a 3.2 billion-euro ($3.5 billion) payment to the European Central Bank without further bridge financing.
Prime Minister Alexis Tsipras’s government plans to submit a bill to the Greek parliament by Aug. 14 approving the conditions attached to a loan facility from the European Stability Mechanism, according to a Greek government official. A vote would follow by Aug. 19, the day before the ECB payment falls due, the official said, asking not to be named as talks with creditors are private and ongoing.