Key dates ahead of Greece

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 (18^th-19^th 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 (20^th July) - Greek banks are expected to open. The banks were closed since June 29^th. Greece is due to repay €3.5 billion to ECB.
• Wednesday (22^nd July) - Greek parliament needs to pass next set of measures, which will keep Greece within Euro and in negotiating table.
• Thursday (20^th 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.