Creditors’ Technical Teams Return to Greece on Monday

ellada-europe-simaies_0The work between the technical teams of Greece and creditors will start on Monday in Athens and is expected to last four weeks before the third bailout agreement is signed.

The representatives of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) will work closely with Greek authorities to prepare the procedures required for the new Memorandum of Understanding. According to Prime Minister Alexis Tsipras, negotiations will last about four weeks.

The three institutions will assess the condition of the Greek economy and banking system, and the technical teams of both sides will draft the new loan agreement and bailout program.

The creditors’ representatives will have access to pertinent Ministries and the General Accounting Office, and will monitor the progress of required reforms. The aim of both sides is to expedite the signing of the agreement.


  1. In 4 weeks an agreement over the third bailout? What a hurry, what a swindling of our own politicians the aprovement of those parliaments is a joke i supose, we, 18 nations are sold by our own govs.

  2. What a joke…These people are coming back for the bones…
    No one is spending any money as none is available??
    And banks will stay shut for a month while the rest of the EU tries to get an ok whether to release more funds…Is there nothing wrong with this??


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