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Greece crisis: EU bailout talks in Athens delayed | |
(about 9 hours later) | |
High-level talks between Greece and its European creditors on a third bailout for the country have been delayed due to logistical problems, officials say. | |
Government officials had been expected to meet representatives of EU creditors in the Greek capital on Friday. | |
But a European Commission spokeswoman later said those representatives would arrive "in the coming days". | |
Greek MPs have approved tough new conditions set by the EU lenders for talks on the €86bn (£60bn) bailout. | |
It is unclear when International Monetary Fund officials will join the negotiations. | |
The Washington-based IMF wants Greece's debt burden to be reduced to a level it considers "sustainable", but it faces resistance from reluctant European partners. | |
EU officials said on Friday that there were "logistical issues to solve" before high-level talks with Athens could begin, but that negotiations were taking place at a technical level. | |
The Greek team had been expected to meet top representatives from the European Commission, European Central Bank (ECB) and European Stability Mechanism (ESM) - the eurozone's main bailout fund. | |
Talks on the bailout package are expected to last a month. | Talks on the bailout package are expected to last a month. |
Tight capital controls, introduced at the end of June, remain in place to prevent a run on Greece's cash-strapped banks. | Tight capital controls, introduced at the end of June, remain in place to prevent a run on Greece's cash-strapped banks. |
'Difficult compromise' | 'Difficult compromise' |
PM Tsipras faced a backlash from MPs in his own left-wing Syriza party, during two parliamentary votes on austerity measures required by the creditors in order for negotiations to start. | PM Tsipras faced a backlash from MPs in his own left-wing Syriza party, during two parliamentary votes on austerity measures required by the creditors in order for negotiations to start. |
But he secured parliament's backing after a second crucial vote passed early on Thursday. | But he secured parliament's backing after a second crucial vote passed early on Thursday. |
The reforms debated this week included changes to Greek banking and an overhaul of the judiciary. | The reforms debated this week included changes to Greek banking and an overhaul of the judiciary. |
Greece debt crisis | Greece debt crisis |
Last week, Greece passed an initial set of austerity measures, including tax rises and pushing back the retirement age. | Last week, Greece passed an initial set of austerity measures, including tax rises and pushing back the retirement age. |
Mr Tsipras has said that he is not happy with the measures imposed by creditors but that his government was forced to choose a "difficult compromise" to avoid Greece exiting the eurozone. | Mr Tsipras has said that he is not happy with the measures imposed by creditors but that his government was forced to choose a "difficult compromise" to avoid Greece exiting the eurozone. |
A decision on more contentious measures - phasing out early retirement and tax rises for farmers - has been pushed back to August. | A decision on more contentious measures - phasing out early retirement and tax rises for farmers - has been pushed back to August. |
Demonstrations have taken place on the streets of Athens against the bailout deal and trade unions have taken strike action. | Demonstrations have taken place on the streets of Athens against the bailout deal and trade unions have taken strike action. |
On Wednesday, the ECB increased its cash lifeline to Greek banks by €900m - the second rise in a week. | On Wednesday, the ECB increased its cash lifeline to Greek banks by €900m - the second rise in a week. |
The IMF confirmed on Monday that Greece had cleared its overdue debt repayments of €2.05bn and was no longer in arrears. | The IMF confirmed on Monday that Greece had cleared its overdue debt repayments of €2.05bn and was no longer in arrears. |
The repayments, which included €4.2bn to the ECB, were made possible by a short-term EU loan of €7.16bn. | The repayments, which included €4.2bn to the ECB, were made possible by a short-term EU loan of €7.16bn. |
Greece's next major deadline is 20 August, when it must pay €3.2bn owed to the ECB, followed by a payment of €1.5bn to the IMF in September. | Greece's next major deadline is 20 August, when it must pay €3.2bn owed to the ECB, followed by a payment of €1.5bn to the IMF in September. |