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Greece, creditors begin talks to secure bailout deal

Jul. 28, 2015 4:45 AM ETGlobal X MSCI Greece ETF (GREK)GREKBy: Yoel Minkoff, SA News Editor3 Comments
  • 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

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