Greek Creditors Report Progress in Talks for New Bailout

Greece’s talks with its creditors on a vital third bailout are making “satisfactory progress,” the European Union executive said Thursday

Newly appointed Greek Finance Minister Euclid Tsakalotos arrives for a handover ceremony at the Finance Ministry in Athens on July 6, 2015. Angelos Tzortzinis/AFP/Getty Images

ATHENS, Greece—Greece’s talks with its creditors on a vital third bailout are making “satisfactory progress,” the European Union executive said Thursday in its most upbeat assessment so far, as Athens stocks rebounded three days after their worst plunge in decades.

A European Commission spokeswoman, Mina Andreeva, said the lenders are hoping to finalize the 85-billion euro ($92.5 billion) agreement in time for a major Greek debt repayment in two weeks.

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