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Greek Ministers to Hold New Talks With Creditors August 4-5

© REUTERS / Alkis KonstantinidisGreek Finance Minister Euclid Tsakalotos attends a parliamentary session in Athens, Greece, July 10, 2015
Greek Finance Minister Euclid Tsakalotos attends a parliamentary session in Athens, Greece, July 10, 2015 - Sputnik International
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Greek Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis will meet with international creditors in Athens on Tuesday and Wednesday, a Greek Finance Ministry spokesperson told reporters Monday.

ATHENS (Sputnik) — On Tuesday, the sides will discuss bank recapitalization and privatizing the assets of the Hellenic Republic Asset Development Fund (HRADF), as well as labor issues at the level of technical groups, the official said.

"On Wednesday, a new meeting between the two ministers with creditors will take place, while the first round of negotiations will finish and discussions summaries will be completed."

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Following months of negotiations, Greece and its lenders reached a mid-July $95 billion preliminary agreement on a new bailout package for the country, to be delivered over the next three years in exchange for oppressive economic reforms.

Greece has a massive debt to its three main creditors — the International Monetary Fund, the European Central Bank and the eurozone nations. The country is struggling to fulfill the conditions of the new bailout, which include painful austerity measures.

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