‘Technical issues’ see Greek bailout talks stall

&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>High-level talks between Greece and its European creditors on a third bailout for the cash-strapped country have been delayed until logistical matters are sorted out&comma; officials said&period;<&sol;p>&NewLine;<p>Greek government spokeswoman Olga Gerovasili sought to downplay talk that security concerns are a reason why European negotiators will not now arrive in Athens until Saturday at the earliest&period; They had been expected Friday&period;<&sol;p>&NewLine;<p>The delay&comma; she said&comma; is related to &OpenCurlyDoubleQuote;technical issues” and that the security of negotiators is not a problem&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Greece is a safe country&comma;” Ms Gerovasili said&period; &OpenCurlyDoubleQuote;Both sides are trying to expedite the start of talks&period;”<&sol;p>&NewLine;<p>A European official said final preparations regarding the structure of the talks were being ironed out but that discussions at a technical level were taking place between Greece and representatives from the country’s creditors&period;<&sol;p>&NewLine;<p>Greece is looking to secure its third bailout in five years&period; The latest financial rescue of the country is expected to be worth €85bn over three years&period;<&sol;p>&NewLine;<p>Without the money&comma; Greece will face imminent bankruptcy and a possible exit from the euro&period;<&sol;p>&NewLine;<p>The hope is that the bailout talks&comma; which are now ready to begin after the Greek parliament passed measures demanded by European creditors&comma; will conclude by August 20 when Greece has a debt repayment of around €3&period;2bn to make to the European Central Bank &lpar;ECB&rpar;&period;<&sol;p>&NewLine;<p>The final hurdle Greece had to clear before talks could restart came in the early hours of Thursday when Greek lawmakers approved a package of judicial and banking reforms&period; A week earlier&comma; parliament approved legislation introducing steep sales tax increases&period;<&sol;p>&NewLine;<p>In spite of a revolt from the ranks of his own radical left Syriza party&comma; Greek prime minister Alexis Tsipras managed to get both sets of reforms approved with the help of opposition parties&period;<&sol;p>&NewLine;<p>While the official start of the bailout talks was being awaited&comma; top banking and finance ministry officials met business leaders Friday to discuss ways of easing financial transactions following the imposition of capital controls last month&period;<&sol;p>&NewLine;<p>Banks reopened on Monday after being closed for more than three weeks&comma; albeit for limited transactions&period; Daily withdrawals at cash machines are still limited to €60 per account holder&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;With time&comma; the situation is returning to normal and we aim to have things return to the way they were before&comma;” said deputy finance minister Dimitris Mardas after the meeting&period;<&sol;p>&NewLine;<p>Small Business Association chairman Giorgos Kavvathas said that the daily limit for businesses to transfer money abroad has been raised to €100&comma;000 – an amount that covers the needs of almost three-quarters of Greek businesses&period; But Greek authorities vet those money transfers&period;<&sol;p>&NewLine;<p>Mr Kavvathas said cheque transactions still pose a problem for businesses&period; Mr Mardas said authorities are looking at ways of dealing with that issue and decisions will be announced soon&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-68ed023678a76">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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