Greek Bailout Talks Begin In Athens

By Sara SjolinMarketWatch Pulse

Greece and its international creditors have started talks on a third bailout for the debt-burdened country, said European Commission spokeswoman Mina Andreeva on Monday. Teams from Greece and the three lenders -- the International Monetary Fund, the European Central Bank and the EU -- have arrived in Athens for the negotiations and begun work. "The Greek authorities have delivered everything that was expected of them, so that talks could start," Andreeva said. "There is no deadline, but we are working to have the talks concluded as quickly as possible." The talks were expected to start Friday, but were delayed for security and technical reasons. The Greek government has said it hopes to wrap up the negotiations by Aug. 20.

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