Greece resumes talks with its creditors

Greece resumes talks with its creditors
Updated on

Summary Resumes talks with European Commission, IMF and ECB to review progress.

ATHENS (AP) - Greece has resumed talks with the so-called troika of creditors the European Commission, the European Central Bank and the International Monetary Fund to review progress in stabilizing the indebted country s finances.

At stake in Sunday s talks with Finance Minister Yannis Stournaras is the continuation of the financing of Greece by the creditors, including a €1 billion ($1.35 billion) bailout installment to be paid in October.

The discussion is expected to include the fate of Greece s defense industries, which the European Union wants liquidated; the furloughs for some 12,500 civil servants; and the ongoing privatization program.

Talks later this year are expected to focus on the possibility of securing better terms on Greece s loans by forgiving part of the debt.
 

Browse Topics