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Debt inspectors reach agreement with Greece on reforms, includes civil service firings

International debt inspectors have reached an agreement with Greece on the country's economic reforms, including the firing of civil servants, paving the way for the debt-ridden country to receive the next installment of its bailout pot.

The review by the International Monetary Fund, European Commission and European Central Bank is part of a regular process under which Greece receives installments of its multi-billion euro bailout if it meets certain conditions. Greece has been dependent on the rescue loans since 2010.

In a joint statement Monday, the three institutions said recent steps taken by Greece suggest that targets for March "are likely to be met in the near future." As a result, they said the eurozone could soon agree to disburse 2.8 billion euros ($3.7 billion) pending from last month.