Greece bailout talks to start on Monday

July 26, 2015 18:43

Talks between the Greek government and international creditors on a third bailout package for Greece are expected to begin on Monday, a state minister said. Meetings with officials from the European Commission, European Central Bank and the International Monetary Fund, which had been expected to begin on Friday, were delayed by logistical issues, including the location of talks and security.

The move comes after Greek MPs approved tough new conditions set by the EU lenders last week that included an increase in Value Added Tax and pushing back the retirement age.

Greece's next major deadline is August 20, when it must pay 3.2 billion euros owed to the ECB, followed by a payment of 1.5 billion euros to the IMF in September.

The IMF confirmed on Monday that Greece had cleared its overdue debt repayments of 2.05 billion euros and was no longer in arrears.

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