EU hails progress in Greek bailout talks

2015-08-04 22:09
Newly appointed Greece finance minister Euclid Tsakalotos. (AFP, Louisa Gouliamaki)

Newly appointed Greece finance minister Euclid Tsakalotos. (AFP, Louisa Gouliamaki)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Brussels - The European Commission is encourage by progress in negotiations with Greece on a third international bailout and believes a deal is possible in time to meet an August 20 payment due to the European Central Bank, a spokesperson said on Tuesday.

In a statement emailed to Reuters in response to a comment by Greek Finance Minister Euclid Tsakalotos that discussions with lenders could be wrapped up this week, spokesperson Mina Andreeva said: "The European Commission is encouraged by the progress made so far. We are moving in the right direction and intense work is continuing.

"The constructive collaboration with the Greek authorities should allow the negotiations on a new three-year programme to progress rapidly."

If all sides stuck to commitments made at a euro zone summit last month, "agreement is possible in order to allow for a first disbursement under the new ESM programme in time for the payment Greece is due to make on August 20 (to the ECB).

"It is an ambitious, yet realistic timetable," Andreeva added.

Read more on:    eu  |  euclid tsakalotos  |  greece  |  greece debt crisis

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.