Time is running out for Greece to secure a bailout worth up to 86 billion euros over three years.. Bloomberg reports that an e-mail from the Greek Finance Ministry states that talks will start on Tuesday due to technical reasons. Delays in the talks could risk finding a solution for Greece’s funding by the August 20 deadline.
A huge thorn in the talks continues to be the location where the negotiations take place, and there have been leaks emphasizing that the delay is neither due to political nor diplomatic reasons.

Representatives – not heads – from Greece’s international creditors are expected to arrive in Athens by Sunday nights. There is enormous pressure to hammer out a rescue deal before August 20, the date when Greece needs to make a loan repayment of 3.2 billion euros to the ECB.