Greece, lenders locked in marathon talks for bailout deal




 
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Greece, lenders locked in marathon talks for bailout deal
 
August 11th, 2015  
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Topic: Greece, lenders locked in marathon talks for bailout deal


Greece, lenders locked in marathon talks for bailout deal
By George Georgiopoulos ATHENS (Reuters) - Greece and its international lenders were locked in marathon overnight talks to seal a multibillion-euro bailout deal on Tuesday, racing against a countdown to European Central Bank debt repayments falling due in days. The indebted country is hoping to wrap up a deal for 86 billion euros ($94.75 billion) in fresh loans by Tuesday so it can get parliamentary and other approvals for aid to flow by Aug. 20, when a 3.2 billion euro debt payment is due to the ECB. "We are going into the final round of talks, looking at the Memorandum of Understanding from beginning to end," a senior Greek government official said during a brief break in talks in Athens, referring to terms of the bailout accord.




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