The FINANCIAL — (ATHENS) – According to EU Business, today Greece has concluded talks with its EU-IMF creditors that will determine if a bankrupty-saving loan installment will be released before reserves run out next month, the finance minister said.
"We have concluded the programmed meetings with the 'troika'," Finance Minister Evangelos Venizelos told parliament's budget committee, referring to officials from the European Union, the International Monetary Fund and the European Central Bank.
"We are expecting the report of the troika and subsequently we expect the disbursement of the loan tranche," the minister said.
Greece needs an eight-billion-euro ($11-billion) loan instalment from the three organisations if it is to be able to pay its bills next month.
The money is part of an 110-billion-euro bailout extended in May 2010 in return for sweeping economic reforms which the socialist Greek government has had trouble implementing in full in the face of massive public opposition.
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