August 1, 2015 11:30 AM

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Senior EU-IMF auditors started their first meetings with Greek ministers as Athens stock market prepares to reopen on Monday

Senior EU-IMF auditors have started their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen. According to the Finance Ministry source, Greece's main stock exchange in Athens will resume to work, which were closed on June 26 as the Government imposed capital controls, on Monday.Meanwhile as the bailout talks started, the International Monetary Fund set its conditions saying it would only join a comprehensive financial rescue programme that included debt relief and economic reforms.The European Commission spokeswoman Mina Andreeva said that the European Union wants to complete the negotiations for a third bailout with the expertise of the International Monetary Fund, and then to consider debt measures afterwards in the year.The Government wishes to complete the EU-IMF fiscal audit before August 20, when it is scheduled to repay 3.4 billion euros to the European Central Bank including interest. It is also awaiting for the Monday's reopening of the Athens Stock Exchange, when normal operating procedures will start for foreign investors.

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