“Monday or for table bailout Greeks” – NU.nl

This was reported by a Greek official Saturday, after an earlier agreement for logistical reasons had not gone through.

The parties, including representatives of the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF) would initially go on Friday to the table, but it was a suitable location as yet unknown. The security was not sufficiently regulated.

According to sources, the IMF would have demanded that Greece first make a formal request for a new loan. That request was fulfilled Friday. The Greek Government would like to conclude the negotiations on a new emergency loan of up to EUR 86 billion by 20 August.

Stress Test

The need for money to the ailing Greek banks will only become clear after

a stress test is on the roll for August, was previously known.

The banks were earlier this month over two weeks close as the ECB refused to let more money stabbing in the pot from which the institutions could tap emergency assistance. Soon also followed the closure of the stock exchange in Athens. You may be known next week when the stock market is open again

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By: Reuters