Greece to Hold Loan Talks with EU on Wednesday

World » SOUTHEAST EUROPE | March 10, 2015, Tuesday // 07:34
Bulgaria: Greece to Hold Loan Talks with EU on Wednesday Greek Finance Minister Yanis Varoufakis arrives for the start of the Eurogroup meeting of Finance ministers at the EU council headquarters, in Brussels, Belgium, March 09, 2015.

Officials from Greece are due to hold technical talks with international lenders on Wednesday as Athens is seeking to secure more funding.

Negotiations will be carried out in Brussels, and not in Athens, to avoid drawing comparisons with the so-called "Troika" of institutions whose inspectors engaged in occasional visit to the Greek capital, angering those who believe the country's sovereignty has been put into question.

Greece is struggling to secure money it will use to service its debt. Following an agreement to have the current bailout program extended by four months, the Southeastern European nation pledged to implement a number of reforms, including some that will boost state revenues like fighting tax evasion and smuggling.

Finance Minister Varoufakis, who agreed the temporary deal with Eurozone officials, caught them by surprise by hinting in a recent interview his country could either hold a referendum or a snap poll on the bailout if Brussels gives the thumbs down on its list of reforms. Varoufakis later denied having said that, adding he had answered to a hypothetical question.

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Tags: Yanis Varoufakis, greece, EU, Eurozone, bailout
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