Talks between Greece and lenders ended without agreement

Athens, 16 November 2015 (MIA) - Talks between the Greek government and its lenders are due to resume in Athens on Monday after ending without agreement in the early hours of the morning.

The two sides also continue to discuss the overall approach to non-performing loans (NPLs) and in what circumstances banks will be able to sell them to distressed debt funds. Greece wants the process to be overseen by the Bank of Greece.

Sources said that there was an agreement on other issues, such as bank governance and the role of the bank recapitalization fund, the HFSF, which is a key to Athens receiving the 10 billion euros set aside for boosting the capital of local lenders.

Talks broke off briefly on Sunday night so Greece’s representatives, Finance Minister Euclid Tsakalotis, Economy Minister Giorgos Stathakis and Alternate Finance Minister Giorgos Houliarakis could brief Prime Minister Alexis Tsipras on the negotiations.