Negotiations on technical level began on Monday, FinMin says

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Negotiations on technical level began on Monday, FinMin says
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The first discussions between Greek authorities and the creditor institutions on a 3rd Greek bailout began on a technical level on Monday and will continue with greater intensity on Tuesday, Finance Minister Euclid Tsakalotos announced.

"We will study and implement the agreements of the Eurogroup and Euro Summit. We hope that everything will go well," Tsakalotos said, after a meeting of the Government Council on Economic Policy.

A senior finance ministry source said that meetings between ministers and the heads of the institutions' missions will take place later "if necessary". A second source said that the discussions will take place in the hotels where the institution officials are staying.

Regarding a rumoured "third package" of prior actions, a senior finance ministry source confirmed this was asked for this by some parties but said that Greece insisted on implementing the Eurogroup and summit agreements, where there was no mention of any 'third package'.

Another member of the government's economic team said that, in addition to sums needed for repayments to the European Central Bank and International Monetary Fund, an additional 4.0 billion euros were being sought to settle public-sector debts to the domestic market.