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EU chief juncker expects Greece €86b debt accord by Aug 20

EU chief juncker expects Greece €86b debt accord by Aug 20

BERN: A third bailout for Greece is likely this month and preferably by August 20 when Athens must make a key debt repayment.

The negotiations in Athens are now making “satisfactory” progress, Juncker told AFP in an interview on Wednesday. Greece’s Finance Minister, Euclid Tsakalotos, and Economy Minister, George Stathakis, are hoping to close the first round of talks with the institutions on Wednesday, in an effort to be able to meet the August 20 payment. Mina Andreeva, the Commission spokesperson, said that talks are moving in the right directions earlier, and that the hard work is continuing.