Greek authorities today began talks with donors gathered from a new loan of 130 billion euros. External credit is the second after the signed 110 billion last year. Authorities hope that the money borrowed to help overcome the crisis and economic restructuring.
These days, in Athens, will be held first discussions, preliminary, the international and private lenders will review progress on structural reforms and Greece will establish economic measures designed to put the calendar up country. So far, preselect are unsatisfactory, said official sources said. Greece will end the year with a higher budget deficit target agreed to with the IMF because of the economic downturn more severe than expected, which has affected state revenues.

Greece misses into insolvency in December, after the euro area countries and the IMF approved a new tranche of EUR 8 billion in program funding of 110 billion euros agreed in May 2010. Afterwards, the IMF approved the release of the sixth installment. Sources cited by Reuters said that after discussions these days, the delegation will leave foreign donors in Greece during the holiday season and will return in January to continue negotiations.