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New Greek Loans Prove Elusive as Talks Near on Post-Bailout Life

  • Government still has to implement measures to get next tranche
  • Creditor discussions look at debt mechanism, post-bailout life
Venizelos Says Eurogroup Clear Will Take Measures For Stability

Photographer: Kostas Tsironis/Bloomberg

Greece is not expected to get its next slice of financial aid just yet, as a couple of key reforms linked to the bailout loans remain outstanding, according to a report obtained by Bloomberg. The delay comes as the debt-ridden state seeks to convince investors and creditors it will soon be able to finance itself in markets without external help.

The final audit of the country’s up-to 86-billion-euro ($107 billion) bailout is set to start later in February, less than six month before the program runs out in August. While Athens still has to complete two outstanding reforms before it receives the fresh loans, officials hope Greece will get the money within coming weeks, as talks are now centering on what arrangement the country should get after the the end of its eight-year financial supervision.