New Greek bailout talks with EU, IMF from Monday

Greece will begin talks with International Monetary Fund and European Commission representatives in national capital Athens on Monday for a third bailout package to get the country out of its current debt.

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An EU spokesman was quoted, as saying on Sunday that the meetings will begin immediately between Greek creditors, the European Union, the International Monetary Fund and the European Central Bank representatives. The European Stability Mechanism will be the fourth negotiator.

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The Greek Government will be looking to secure up to 86 billion Euros or a 130 billion dollars as their third bailout.

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An IMF spokesman confirmed to a foreign news agency that technical teams will start taking stock of recent developments in Athens from Monday.

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The hard-Left government of Greek Prime Minister Alexis Tsipras has so far been resisting negotiation models used by previous Athens cabinets and the widely loathed creditors.

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Athens and Brussels hope the terms of the new bailout can be finalised by mid-August.