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Greece : Finance Minister could rescue program on Friday decide

Creditors and Greeks are working hard on a new rescue package. | © Ronen Zvulun / Reuters

In Greece, the hope for a swift conclusion of the negotiations on new aid loans is growing. The plans could be on Tuesday reportedly already, the program could then be decided on Friday. Economy Minister Giorgos Stathakis expressed optimism. Reports that an agreement is almost imminent, could be true, Stathakis said. According to a report of the Frankfurter Allgemeine Zeitung however come skeptical tones from Germany.

In Brussels it was said, would the creditor institutions among themselves on a 27-page draft agreed, where requested by the government in Athens consideration for new billions in aid were fixed. This must be matched even with the Greek government. On Thursday a decision of the Parliament in Athens and on Friday the euro zone finance ministers would then be possible. This schedule could make Greece on 20 August overdue loan repayments to the European Central Bank from the new program.

However, a report by the Frankfurter Allgemeine Zeitung According remains uncertain, whether the federal government will add to the schedule. In a teleconference of finance secretaries of the German representative Thomas Steffen had demanded that Greece only has to get his problems with refugees in the handle. Other states have rejected this claim as absurd. Germany also wants the report says initially only release about 20 billion euros as Credit first installment, while institutions hold 30 to 35 billion euros for the right

Time is short:. On August 20, Athens has 3.4 billion repay euros to the ECB. Succeed before an agreement could the Greeks settle their debts with fresh money from the new rescue program. Not enough time, Athens would have to apply for a new bridge loan from the EU. Before the rescue program enters into force definitively, will also have a number of national parliaments to vote on the program, including the German Bundestag.