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FILE - In this Feb. 3, 2015, file photo, a Greek flag flies outside the Athens Stock Exchange

Greece's Talks With Int'l Creditors Set to Start Monday

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The talks between Athens and the heads of international lending institutions are expected to start on Monday, a source in the Greek Finance Ministry told RIA Novosti on Saturday.

ATHENS (Sputnik) — Earlier this week, media reported that the lenders are returning to Greece to start the evaluation of the bailout implementation program next week. The quartet of creditors are the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund.

"The first round will last for several days, a break will be made at the end of the next week. Then the lenders will return to conclude the negotiations," the source said.

Earlier in the day, Deputy Minister of Economy, Development and Tourism Alexis Haritsis told RIA Novosti Greece would not face any problems if it did not receive new tranches in the coming months.

The Greek economy has been severely strained for several years due to the country’s multibillion debt, accumulated after the 2008 world economic crisis.

Athens' international creditors signed an agreement with Greece in mid-2015, approving a third bailout package worth about $94 billion in exchange for highly unpopular austerity reforms.

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International Monetary Fund, economy, debt, Greece
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