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World

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

Associated Press
Published | Updated
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    Tourist walk among flowers and the ancient Temple of Zeus in Athens, on Tuesday, March 31, 2015. Tourism industry officials expected arrivals to reach 25 million this year, up by one million from 2014. (AP Photo/Petros Giannakouris) (The Associated Press)

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    French President Francois Hollande, left, speaks to German Chancellor Angela Merkel as they arrive for a working lunch with their delegations in Berlin, Germany, Tuesday, March 31, 2015. (AP Photo/Fabrizio Bensch, Pool) (The Associated Press)

ATHENS, Greece – 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.