Greece resumes talks with its creditors; issues to include privatizations

Greece has resumed talks with the so-called troika of creditors — the European Commission, the European Central Bank and the International Monetary Fund — to review progress in stabilizing the indebted country's finances.

At stake in Sunday's talks with Finance Minister Yannis Stournaras is the continuation of the financing of Greece by the creditors, including a €1 billion ($1.35 billion) bailout installment to be paid in October. The discussion is expected to include the fate of Greece's defense industries, which the European Union wants liquidated; the furloughs for some 12,500 civil servants; and the ongoing privatization program.

Talks later this year are expected to focus on the possibility of securing better terms on Greece's loans by forgiving part of the debt.