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Timeline: What’s Next in the Greek Crisis Saga

A European Union (EU) flag, left, flies beside a Greek national flag in front of the Parthenon temple on Acropolis Hill in Athens, Greece, on Wednesday, July 8, 2015. The European Union set a Sunday deadline to reach a deal with Greece on a financial rescue in exchange for austerity measures and economic reforms.
Yorgos Karahalis/Bloomberg

Greece is seeking to conclude talks with its creditors to secure up to 86 billion euros of three-year loans needed to keep the country in the euro.

Greek officials are confident an agreement will be reached before Aug. 20, when Greece must pay 3.2 billion euros to the European Central Bank for maturing bonds. German officials said quality is more important than speed and bridge financing may be necessary if a third bailout can't be sealed in time.