International lenders for Greek Aid are close to wrapping up negotiations to unlock Eur8.1 billion to be used for loans.
Athens has been talking with inspectors from the European Central Bank, the International Monetary Fund and the Union, also known as Troika, to discuss the progress for the overhaul as part of the agreement for the bailout.
E.U. Commissioner for Economic and Monetary Affairs, Olli Rehn said, "The final decision is for tomorrow. The ball is in the Greek court, and it depends on whether Greece is able to deliver the remaining elements of the milestones that have been agreed."
Greece needs the funding the €8.1 billion tranche to buy back Eur2.2 billion worth of bonds that are due in August. Greece is now relying on foreign aid to stay afloat. Failure to secure bailout funds will push the country to bankruptcy and might reignite the euro zone crisis.
Head of the I.M.F.'s mission to Greece, Poul M. Thomsen said, "We made very good progress."
Yannis Stournaras, Greek Finance Minister, said that he is optimistic that the deal would come together by Monday morning. Troika officials were to leave Athens but were expected to remain in contact with Greek officials to work out the final details of the deal.
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