Europe

Greece hopes to get new loans cleared by eurozone creditors

  • Greece's Prime Minister Alexis Tsipras, right, and Finance Minister Euclid Tsakalotos, attend a parliamentary session in Athens, Sunday, May 22, 2016.  Greek parliament votes on a bill ahead of a Eurogroup meeting next week which is likely to unlock bailout funds for the country. (AP Photo/ Yorgos Karahalis )

    Greece's Prime Minister Alexis Tsipras, right, and Finance Minister Euclid Tsakalotos, attend a parliamentary session in Athens, Sunday, May 22, 2016. Greek parliament votes on a bill ahead of a Eurogroup meeting next week which is likely to unlock bailout funds for the country. (AP Photo/ Yorgos Karahalis )  (The Associated Press)

  • Greece's Prime Minister Alexis Tsipras, right, and Finance Minister Euclid Tsakalotos, attend a parliamentary session in Athens, Sunday, May 22, 2016.  Greek parliament votes on a bill ahead of a Eurogroup meeting next week which is likely to unlock bailout funds for the country. (AP Photo/ Yorgos Karahalis )

    Greece's Prime Minister Alexis Tsipras, right, and Finance Minister Euclid Tsakalotos, attend a parliamentary session in Athens, Sunday, May 22, 2016. Greek parliament votes on a bill ahead of a Eurogroup meeting next week which is likely to unlock bailout funds for the country. (AP Photo/ Yorgos Karahalis )  (The Associated Press)

Greece is hoping its eurozone creditor nations will approve Tuesday the payment of the next batch of rescue loans that will allow Athens to avoid defaulting on its debts this summer.

Greece's parliament passed a bill over the weekend providing for tax hikes, more budget-cutting reforms and a new privatization superfund, which will manage almost all state property.

Those austerity measures were required before the finance ministers from the 19 euro nations can unfreeze more loans.

The ministers meeting in Brussels Tuesday will also debate the next step: how to help Greece handles its mountain of debt.

Eurozone experts have been drawing up possible measures, but nations refuse to consider any outright debt haircut.

Greece's debt is predicted to reach more than 333 billion euros ($379 billion) this year.