Bailout Package: Creditors arriving in Greece

ATHENS: Representatives from Greece’s international creditors are expected to arrive in Athens by Sunday night to start talks on a new international bailout for Greek government. A European Commission spokesperson, however, could not confirm the plans, saying only that representatives of the European Union, European Central Bank and International Monetary Fund - from whom Greece is seeking a bailout worth up to 86 billion euros ($94 billion) over three years - would fly out to Athens in coming days. The two sides are under enormous pressure to hammer out the rescue deal before August 20, when Athens is scheduled to make a loan repayment of 3.2 billion euros to the ECB that it cannot currently afford.

Published in The Express Tribune, July 26^th, 2015.

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