Greece aims to finish bailout talks, get approval this week

Staff Writer
Columbus CEO

ATHENS, Greece (AP) — Greece and its bailout creditors are working on the final details of a new multi-billion euro rescue loan, with a view to having the country's parliament approve it later this the week.

Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis held new talks with officials from the European Union and International Monetary Fund, following intensive weekend meetings that stretched into early Monday.

Greece's third bailout deal in just over five years must be signed, approved by other European countries and partially disbursed by Aug. 20, when Athens needs more than 3 billion euros to repay the European Central Bank.

The radical left government hopes Greece's parliament can ratify the agreement by Friday, when finance ministers from other European countries that use the euro currency have a scheduled meeting.