- A delegation from the the so-called troika (and eurozone bailout fund) are in Athens this morning to begin negotiations over an €86B bailout.
- The talks will start almost a week later than planned, raising pressure on Greek PM Alexis Tsipras, who is already struggling to keep his party from falling apart.
- The two sides are also racing against time. A new bailout would have to be completed by mid-August if Athens is to secure billions of euros to repay ECB-held bonds that mature on Aug. 20.
- ETFs: GREK