Greece and Creditors Talk Doing Well

All is well and progressing in the multi-billion Euro bail-out negotiation between Greece and its lenders. The forum is set to finalize everything amicably within days.

The bailout, worth up to 86 billion euros, will keep the country afloat in the next three years while it works to secure its place in the Eurozone. The amount will be the nation's third bailout since the country's debt crisis loomed in 2010, Reuters reported.

The deal must be sealed preferably before the country's 3.5 billion-Euro loan from the European Central bank matures on Aug. 20, The Telegraph reported.

"We are moving in the right direction and intense work is continuing," Commission spokeswoman Mina Andreeva said.

Following the latest meeting, Greece received praises from various Eurozone representatives for being prepared and cooperative. The Greek representatives were engaging in talks and were very ready. All significant matters have been covered, including pension reform, privatization, labor markets, administrative reforms and fiscal policy.

Greek Finance Minister Euclid Tsakalotos is receiving positive reviews for the ideal turn of events. The soft-spoken Oxford trained academic filled in the shoes of the flamboyant Yanis Varoufakis last month.

In the past, negotiations have been tortuous and bogged down in minutiae of reforms ranging from pensions to shop opening hours. Earlier in 2015, there were angry outbursts about responsibility and sovereignty.

Government spokeswoman Gerovasili noted that if all sides stick to their side of the bargain the deal will be done by Aug. 18.

The bailout talk began on July 28 following a two-day delay on logistics. Senior members of Prime Minister Alexis Tsipras's government convene with their creditors, The European Union, International Monetary Fund, and European Central Bank.