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Greek parliament has approved the initial measures required to begin negotiation on €86 billion third bailout package and today German parliament has approved for the government to begin negotiation. Other European parliaments has also approved the deal.
Euro group[finance ministers are preparing interim bridge financing for Greece, which will clear its due with European Central Bank (ECB) and International Monetary Fund (IMF).
Key dates for Greece ahead -
- Weekend (18th-19th July) - Greek bridge financing and disbursement to be finalized. Greek finance ministry and Bank of Greece to take decision on banking holiday and capital control.
- Monday (20th July) - Greek banks are expected to open. The banks were closed since June 29th. Greece is due to repay €3.5 billion to ECB.
- Wednesday (22nd July) - Greek parliament needs to pass next set of measures, which will keep Greece within Euro and in negotiating table.
- Thursday (20th August) - Greece is due to repay ECB € 3.2 billion.
- September - A final deal is expected to be sealed between Greece, IMF and European creditors.
