Greece wants bailout talks concluded by end summer - WAOW - Newsline 9, Wausau News, Weather, Sports

Greece wants bailout talks concluded by end summer

ATHENS, Greece (AP) -- Greece's finance minister says the country wants to conclude negotiations for a second bailout by the end of the summer "at the latest."

Evangelos Venizelos said the next euro12 billion rescue loan payout due next month will cover state expenses through mid-September, and he urged the opposition to side with the government in negotiations with the country's international creditors.

The minister spoke Monday at the start of a closely-watched debate in parliament to approve a new euro28 billion austerity package and implementation law -- both of which must be passed if Greece is to receive the next batch of its bailout loans and avoid defaulting on its debts next month.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Powered by Frankly