Bailout draft due but Athens sees deal af­ter Aug 15

Kathimerini English - - Front Page -

Over the week­end the gov­ern­ment is ex­pect­ing to re­ceive the draft of its third bailout with in­ter­na­tional lenders, al­low­ing it only a few days to agree changes and then pass it through Par­lia­ment in time to avoid need­ing a new bridge loan.

Gov­ern­ment sources told Kathimerini that Greek of­fi­cials are likely to have the draft to­mor­row and will then make their sug­ges­tions known to lenders. It is thought that Greece will have to pass the agree­ment through Par­lia­ment by Thurs­day if there is go­ing to be enough time for the Eurogroup and other eu­ro­zone par­lia­ments to ap­prove it so Greece can re­ceive fresh bailout fund­ing to pay a 3.2-bil­lion-euro bond held by the Euro­pean Cen­tral Bank on Au­gust 20.

How­ever, Athens sug­gested that the new agree­ment would not be ready for MPs to vote on be­fore Au­gust 15, which could mean the eu­ro­zone hav­ing to pro­vide a new bridge loan to Greece.

Ac­cord­ing to the gov­ern­ment, this timeline was agreed yesterday when Prime Min­is­ter Alexis Tsipras met French Pres­i­dent Fran­cois Hol­lande in Egypt on the side­lines of a cer­e­mony to in­au­gu­rate the New Suez Canal.

“The ob­jec­tive is for the ne­go­ti­a­tions on the pro­gram to be con­cluded at the end of Au­gust,” Hol­lande told re­porters. “We know it’s dif­fi­cult but we must make sure that the con­di­tions are met, in a good spirit.

“For now I be­lieve the at­mos­phere is right and dis­cus­sions are go­ing in the best of di­rec­tions,” he added.

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