FAZ: Bailout plan to be ratified by Friday, August 14

Discussions in good atmosphere

German newspaper Frankfurter Allgemeine Sonntagszeitung (FAZ) reports that a deal between Greece and the Quartet for the new 86bln Euro bailout plan is possible by next Friday, August 14. The reports notes on the ‘excellent cooperation’ between the creditors and the Greek negotiating team during talks. Discussions on the proposals have to conclude on Tuesday, says FAZ sand then the be sent for approval by the Greek parliament, before it will possible be ratified by the the Eurozone Finance Ministers on next Friday.