MOSCOW, November 24 (Sputnik) – Greek negotiators will hold talks with their international creditors on Tuesday to discuss the countries' early exit from its bailout program, the Greek Finance Ministry told RIA Novosti Monday.
The three creditors, collectively known as the troika, comprise leaders from the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF).
"Last night it was agreed that on Tuesday, November 25, the Greek negotiating team will meet with the troika heads. During the meeting, the progress on the reform program will be evaluated and the consequences of the exit from the memorandums will be discussed," the Finance Ministry said.
Greece aims to exit its memorandums with the troika, which granted the country 240 billion euro ($301 billion) in credit to pay its debts in exchange for strict austerity measures.
The Greek authorities and the troika still cannot agree upon a range of financial issues, which postpones the arrival of regular inspector missions in the country that estimate Greece's need for reforms.
The date for the next aid tranche worth 1.8 billion euro is dependent on the estimate.
The sides cannot decide whether there will be a budget gap in 2015 in the event the new reforms are not adopted. Experts say that the deficit could range from 2.6 billion euro to 3.6 billion euro, while the Greek authorities argue the gap will constitute 225 million euro. Analysts predict that unpopular austerity measures could lead to the fall of Antonis Samaras' cabinet and an early election in the coming months.
Athens has taken a tough stance at the negotiations, as the Greek government has introduced a draft budget without the troika approval of macroeconomic indicators.
