Greece and the EU political finalizing details to third bailout – El Colombiano

Greece advanced in the confirmation of a third rescue to deal with international creditors, estimated at about 85 billion euros

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According to the information collected by the newspaper El Pais, Spain, after 20 hours of negotiations , the Greek finance minister Euclidis Tsakalotos confirmed the progress of this negotiations, and noted that there were only “two or three small issues.”

But by the side of the European Union had more restraint when speaking of this possible agreement to oxygenate the ailing Greek economy, saying that it was an agreement at technical level, and still lacked political consensus, as stated by Annika Breidthardt, spokesman for the Economic Committee.

“Institutions (the EC, the European Central Bank, the International Monetary Fund and the European Stability Mechanism) and the Greek authorities have reached an agreement in principle on a technical basis and talks are continuing to finalize some details, “said the spokesman Community.

He recalled that this afternoon there will be a conference call (EU) Economic and Financial Committee of the European Union, which are represented the “number two” of the Ministers of Economy and Finance of the EU and members of the European Commission (EC) and the European Central Bank (ECB), among others, to make a “political assessment” of the tentative agreement.

For its part, Greece A Finance Ministry official, who spoke on condition of anonymity, revealed that Greek banks would get “immediately” 10.000 million euros in recapitalization funds and that the funds would be delivered at the end of the year.

Greece hopes to get a first disbursement just over EUR 22 billion of : the already mentioned 10,000 million, 7,200 million to repay the bridge loan obtained from eurozone partners in July and 5,000 million to pay maturities to the IMF and the ECB, in August and September.