EU told Greece on track for possible bailout deal next week-source

Greek Prime Minister Alexis Tsipras speaks during a meeting at the Interior Ministry in Athens with Alternate Interior Minister for Migration Policies Tasia Christodoulopoulou (L) and other ministers about the recent migration wave to Greece, August 7, 2015. REUTERS/Yiannis Kourtoglou

BRUSSELS (Reuters) - Greece is on track to complete a draft deal with international creditors on a third bailout by next Tuesday with a possible first disbursement by Aug. 20, a source familiar with a conference call of senior EU finance officials on Friday said.

Talks are proceeding smoothly and may be completed over the weekend, the source said. If a draft memorandum of understanding and an updated debt sustainability analysis are ready as planned on Tuesday, the Greek government and parliament would be expected to approve them by Thursday.