Eurozone ready to start formal talks with Greece over €86bn bailout
by Jennifer Rankin from on (#EMTC)
Negotiations set to re-open argument over whether the Greek economy can recover while weighed down with debts totalling a320bn
The eurozone is ready to start formal talks with Athens over an a86bn (60bn) bailout, paving the way for a month of wrangling over the bitterly disputed question of easing Greece's debt burden.
Greece is also getting a a7bn emergency bridging loan from an EU-wide rescue fund, ensuring it will not crash out of the eurozone on Monday when a critical debt repayment falls due.
Related: Greek debt crisis: EU agrees a7bn loan as Germany backs new bailout talks - live
Related: Why is Germany so tough on Greece? Look back 25 years | Dirk Laabs
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