Greece bailout negotiations ‘delayed’

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Greece and rescue lenders are still working out the format of upcoming talks&comma; the country’s labour minister said today&comma; confirming a delay in the negotiations for a third international bailout&period;<&sol;p>&NewLine;<p>Giorgos Katrougalos told private Skai television that pre-negotiation discussions were still ongoing&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The way the negotiations will take place is still being discussed within the government&comma;” Mr Katrougalos said&period;<&sol;p>&NewLine;<p>Bailout negotiators from the European Commission&comma; European Central Bank &lpar;ECB&rpar; and International Monetary Fund had been due to start arriving in Athens last Friday to start talks for the new rescue package worth an expected €85 billion&period;<&sol;p>&NewLine;<p>But late yesterday&comma; an un-named government official said talks at a &OpenCurlyDoubleQuote;technical level” were now set to start on Tuesday&period;<&sol;p>&NewLine;<p>Mr Katrougalos said finance minister Euclid Tsakalotos and other Cabinet colleagues were likely to meet directly with the inspectors – a move that had been previously ruled out by the country’s left-wing government&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;At the point we have reached&comma; we are obliged to negotiate … faced with the prospect of financial collapse&comma; we were forced to compromise&comma;” he said&period;<&sol;p>&NewLine;<p>Prime Minister Alexis Tsipras&comma; elected six months ago on an anti-bailout platform&comma; had promised to end austerity measures and stop direct talks in Athens between ministers and debt inspectors&period;<&sol;p>&NewLine;<p>But the government was forced to reach a compromise after banks and the stock market were closed late last month as deposits ran dangerously low&period;<&sol;p>&NewLine;<p>Banks have since reopened but strict limits on money withdrawal and other transactions remain in effect&period;<&sol;p>&NewLine;<p>Mr Tsipras’ government has already begun imposing new austerity measures demanded in return for the new bailout – but had relied on support from opposition parties after nearly a quarter of lawmakers in the ruling Syriza party opposed him&period;<&sol;p>&NewLine;<p>The new agreement must be reached before August 20 when Greece faces a debt repayment to the ECB worth more than three billion euro&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecf56e95e38">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ecf56e95e38'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


Discover more from London Glossy Post

Subscribe to get the latest posts sent to your email.

- Advertisement -
Exit mobile version