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Greece faces resistance from creditors on proposed reforms needed to get loan installment

  • Greek Finance Minister Yanis Varoufakis arrives to attend a 2-day international conference on “Assessing Risk: Business in Global Disorder” in Venice, Italy, Saturday, March 7, 2015. A meeting of eurozone finance ministers is scheduled for Monday, March 9, 2015 in Brussels. The 19 finance ministers are to discuss how much progress Greece has made since the financially stricken country sent the ministers a list of reforms late last month to win a four-month extension of the European part of its international bailout. (AP Photo/Davide Bolzoni, Ansa)

    Greek Finance Minister Yanis Varoufakis arrives to attend a 2-day international conference on “Assessing Risk: Business in Global Disorder” in Venice, Italy, Saturday, March 7, 2015. A meeting of eurozone finance ministers is scheduled for Monday, March 9, 2015 in Brussels. The 19 finance ministers are to discuss how much progress Greece has made since the financially stricken country sent the ministers a list of reforms late last month to win a four-month extension of the European part of its international bailout. (AP Photo/Davide Bolzoni, Ansa)  (The Associated Press)

  • The sun lights the ancient Acropolis hill with the 5th century BC Parthenon temple, in Athens on Monday, March 9, 2015. Eurozone finance ministers will discuss about Greece at a Eurogroup meeting on Monday, as Athens had submitted seven reform proposals. (AP Photo/Petros Giannakouris)

    The sun lights the ancient Acropolis hill with the 5th century BC Parthenon temple, in Athens on Monday, March 9, 2015. Eurozone finance ministers will discuss about Greece at a Eurogroup meeting on Monday, as Athens had submitted seven reform proposals. (AP Photo/Petros Giannakouris)  (The Associated Press)

  • A man walks past a shop with its shutter painted with a mural, in central Athens on Monday, March 9, 2015. Eurozone finance ministers will discuss about Greece at a Eurogroup meeting on Monday, as Athens had submitted seven reform proposals. (AP Photo/Petros Giannakouris)

    A man walks past a shop with its shutter painted with a mural, in central Athens on Monday, March 9, 2015. Eurozone finance ministers will discuss about Greece at a Eurogroup meeting on Monday, as Athens had submitted seven reform proposals. (AP Photo/Petros Giannakouris)  (The Associated Press)

Greece will try to convince eurozone creditors on Monday that its proposed economic reforms are enough for them to release funds from its rescue loans.

The country got an extension on its European bailout last month but creditor states want to approve its detailed list of reforms before they pay out any money.

Greek Finance Minister Yanis Varoufakis said over the weekend that if the creditors do not eventually approve the reforms, his government could call new elections or a referendum. The government later clarified any referendum would be on the content of reforms and fiscal policy.

Greece faces a cash crunch within weeks, and is under pressure to get some positive signals from the other 18 euro finance ministers meeting in Brussels.