International creditors News

Greece in July accepted a three-year, 86-billion-euro (USD 93-billion) EU bailout.

International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.

The euro eased in Asian trade on Monday, hurt by worries over talks between Greece and its creditors as it prepares to submit proposals to reform its bailout.

Greece was in a new race against time on Friday to get its EU-IMF bailout on track, with its international creditors pushing for a clear reform pledge.

Greece edged closer to eurozone survival Tuesday as its international creditors and hold-out Germany looked ready to approve the reforms they had demanded of Athens in return for extending its bailout programme.

European stocks dipped and low-rated bond yields rose on Monday after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors kept investors cautious.

Greece on Wednesday said talks it is holding with its international creditors were looking "positive" as it hopes to gain approval for a set of measures to reduce its massive tax burden.