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Greek Prime Minister to meet Troika over bailout instalment

Talks held between José Manuel Barroso and the Greek prime minister
Talks held between José Manuel Barroso and the Greek prime minister

Greek Prime Minister Antonis Samaras is to meet the European Commission, European Central Bank and International Monetary Fund over the country's bailout.

Greece is weeks away from running out of cash and the conservative-led government must devise €11.7 billion worth of measures for 2013 and 2014.

The Troika is examining Greece's finances before deciding whether to allow the country a final payout of over €31.5bn.

The Troika met Finance Minister Yannis Stournaras and Development Minister Kostis Hatzidakis yesterday.

Yesterday, Mr Samaras met his coalition partners and European Commission President José Manuel Barroso.

After talks with Mr Barroso, the Greek prime minister said the three-party coalition had decided to press ahead with measures such as privatisation and changes to the public sector.

The Troika is expected to finish their current mission in early August and return to Athens again in September to finalise its assessment.