Greece says current phase of talks wrap up, technical teams to hold teleconference Wednesday

Talks between Greece and its creditors over budget reforms the country is proposing to unlock remaining bailout funds have wrapped up for now in Brussels.

A Greek government official said Tuesday that technical teams of the 19-nation eurozone's finance ministries, known as the EuroWorking Group, are to hold further discussions via teleconference Wednesday.

The official said both sides agreed to intensify a fact-finding mission on the proposed Greek reforms.

Greece is fast running out of cash needed to repay debts and keep the country functioning.

The disbursement of funds remaining in Greece's bailout — more than 7 billion euros ($7.6 billion) — has been delayed as the new Greek government, elected in January, tries to assure creditors it has a credible economic reform plan.