Negotiators from the troika of Greek creditors (the European Union, International Monetary Fund, and European Central Bank) are being joined by a fourth creditor, the European Stability Mechanism. Together, these four are set to begin negotiations with Greek leaders.

Negotiations will begin today to settle the conditions upon which cash-strapped Greece will receive a third bailout package of up to 86 billion euros ($A 128.43 billion).

The Greek people still harbour a huge amount of resentment towards their leaders for agreeing to the measures despite public opposition.

The Greek Prime Minister, Alexis Tsipras, had resisted models previously offered by his own cabinet; only to finally give in to much harsher measures imposed by their much loathed creditors.

Negotiations need to be finalised by mid-August.

Hitman image:

Hitman image:

On the 20th of August Athens must make its first repayment of 3.2 billion euros to the ECB. Then the following month it needs to deposit 1.5 billion euro on a loan from the IMF.

At present Greece has nothing to pay them with. They will be negotiating with a gun to their heads … but at least they’re negotiating.

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