Thursday, November 12, 2015

Greece Makes Progress in Talks With Lenders Awaiting New Aid Tranche

German Chancellor Angela Merkel (R) and Greek Prime Minister Alexis Tsipras hold their earpieces as they address a press conference following talks at the chancellery in Berlin, on March 23, 2015


Greece could reach an agreement with its creditors on the remaining disputed issues by Saturday, securing the release of more financial aid, the Naftemporiki newspaper reports citing the country’s Government Council for Economic Policy.

ATHENS (Sputnik) – The council held a meeting on Thursday, noting significant progress in Greece’s ongoing talks with its lenders, which include the International Monetary Fund (IMF), the European Central Bank (ECB) and Eurozone countries.
The creditors are expected to approve the allocation of a delayed 2-billion-euro tranche of aid to Greece on Sunday.
Under an agreement with Greece’s international creditors, which was signed by Greek Prime Minister Alexis Tsipras in July, the country committed to introducing more austerity measures and to coordinating its budgetary decisions with its lenders in exchange for the country's third bailout program, worth 86 billion euros (about $94.8 billion).
Greece’s trade unions organized a general strike on Thursday, protesting against austerity measures, which are highly unpopular with the country's population.

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