23:49 GMT +320 January 2019
Listen Live
    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

    © AP Photo / Petros Giannakouris
    Get short URL
    0 11

    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.


    Greece to Finalize First Bailout Reform Review by 2016 - Economy Minister
    Greece's Primary Goal to Restore Industry, Private Sector of Economy
    Tsipras, Obama Discuss Greek Economy, Migrant Crisis
    International Monetary Fund, economy, debt, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik