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Greece resumes talks with its creditors


September 22. 2013 9:37AM
Associated Press

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(AP) Greece has resumed talks with the so-called troika of creditors the European Commission, the European Central Bank and the International Monetary Fund to review progress in stabilizing the indebted country's finances.


At stake in Sunday's talks with Finance Minister Yannis Stournaras is the continuation of the financing of Greece by the creditors, including a 1 billion ($1.35 billion) bailout installment to be paid in October. The discussion is expected to include the fate of Greece's defense industries, which the European Union wants liquidated; the furloughs for some 12,500 civil servants; and the ongoing privatization program.


Talks later this year are expected to focus on the possibility of securing better terms on Greece's loans by forgiving part of the debt.


Associated Press


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