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Greek government, creditors to resume talks

July 1, 2013

ATHENS, Greece (AP) — Greece’s international creditors are to resume talks in Athens for approval of the next installment of rescue loans, after a two-week hiatus which saw the near collapse of the coalition government.

Ministers responsible for reforms were meeting Monday ahead of talks with the representatives of the International Monetary Fund, European Central Bank and European Commission, known as the troika. At stake is approval for 8.1 billion euros ($10.6 billion) from the country’s multi-billion bailout fund from other eurozone countries and the IMF.

Prime Minister Antonis Samaras’ government nearly collapsed earlier this month after a small left-wing party pulled out of the coalition in anger over Samaras’ decision to shut down state broadcaster ERT and fire its 2,700 employees. The closure was meant to meet targets for public sector staff cuts.

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