Greece Seeks Resolution to Bailout Deal as Talks Progress
Finally a Greek Resolution on the Horizon?
This article is for subscribers only.
The Greek government is seeking to conclude talks on a rescue program by Tuesday, leaving enough time for national parliaments to assess the deal so funds can be disbursed for an Aug. 20 payment to the European Central Bank.
The four institutions representing Greece’s creditors -- the ECB, the International Monetary Fund, the European Commission and the European Stability Mechanism -- made progress over the weekend on the details of a plan that would make as much as 86 billion euros ($93 billion) available to Greece.