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: ranb91.deviantart.com

Hitman image: ranb91.deviantart.com

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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