Athens discussing draft of third bailout deal

Athens

GREEK government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.

Athens is racing to wrap up the bailout agreement of as much as 86 billion euros (S$130.6 billion) by as early as Tuesday in a bid to get the first disbursement of aid by Aug 20, when it faces a debt payment to the European Central Bank.