Monday, July 27, 2015

Negotiations on new loan to Greece begin on Monday – The Time (Ecuador)

Brussels, Belgium. AFP.

Representatives of Greece’s creditors begin on Monday in Athens talks with the Greek authorities on a new international loan, they said Sunday the European Commission and the International Monetary Fund.

“The teams will arrive in Athens tomorrow and meetings begin immediately,” he told AFP a spokesman for the Commission.

The spokesman did not say whether the equipment will be integrated in a first stage only expert or also include heads of delegation of the four relevant institutions: the European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Stability Mechanism (ESM)

No. But an IMF spokesman told AFP that the institution sent to Greece on Monday only a “technical team”.

“A technical team will start working on Monday in Athens to see how it has evolved situation, “the spokesman said in an email, without giving further details.

A source from the Greek Ministry of Finance had said on Saturday that the heads of mission come to Athens on Thursday, and that discussions would begin Tuesday.

“The backwardness of heads of mission is due to technical reasons rather than political or diplomatic,” he said on Saturday a Greek source.

Athens and its creditors seek to end negotiating a new three-year loan to Greece with a value of over 82,000 million euros, which agreed to the Greek government and the leaders of the euro area on 13 July.

The Greek government and Brussels want these negotiations culminate here in “the second half of August”.

Greece, whose coffers are empty, must repay 3,190 million euros to the ECB on 20 August 1500 million to the IMF in September.

The return to Athens of representatives of creditors, who have served the country close to 240,000 million euros since 2010, was imposed on Greece in the agreement of July 13 .

The representatives of the creditors, known as the “troika”, took over a year to go Greece, and his visits had moved to Paris last September to avoid protests.

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