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Greece confident of deal to get next bailout funds

July 03. 2013 4:41PM
Associated Press

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(AP) Greece's deputy prime minister says he's confident the country will complete tough new negotiations with rescue creditors and avoid a delay in upcoming loan payouts worth 8.1 billion euros ($10.6 billion).

Evangelos Venizelos made the remarks late Wednesday after talks with German Foreign Minister Guido Westerwelle. Talks continued in Athens between the government and representatives of the "troika" of the European Union, European central Bank and the International Monetary Fund.

The troika is seeking faster implementation of Greek commitments to reduce the size of its bloated public sector and deal with mounting public health care debts.

Westerwelle insisted that austerity reforms were improving Greece's public finances and would eventually lead to a "rebirth" of the country's economy.

Associated Press

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