Greece aims to conclude bailout negotiations by Tuesday

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Greece intends to wind up negotiations with international creditors by early on Tuesday, according to a Greek official.

As talks continued in Athens on a new multi-billion euro bailout for the country, its finance and economy minister were in discussions with creditor representatives on Sunday.

It is expected that the new bailout will go to the country’s parliament for approval by August 18.

“Efforts are being made to conclude the negotiations. The horizon is by Monday night or early Tuesday,” the Guardian reported a Greek official as saying.

Athens is negotiating with European Union institutions and the International Monetary Fund for up to €86bn (£61bn) in fresh loans to stave off economic collapse and stay in the eurozone.

The bailout must be in place by 20 August when Greece has a repayment due to the European Central Bank.

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