Greece is set to hold technical talks with its creditors in Brussels on Wednesday on its 2-hundred-40 billion-euro bailout program.<br />Eurozone finance ministers are treating the matter with urgency, as Greece runs out of cash.<br />Shin Se-min reports.<br /><br />European finance ministers are impatient,... saying there is "no time to lose."<br />The troubled Greece is quickly running out of funds and must repay its IMF loan installment by the end of the month.<br />Europe's finance ministers have criticized Greece for wasting time.<br />Chairing a meeting with eurozone finance ministers on Monday, Dutch Finance Minister Jeroen Dijsselbloem said technical talks on further funding for Greece would start on Wednesday.<br />The Eurogroup chairman says eurozone member nations are ready to support Greece if it continues on the economic reform path.<br /><br /><br />"The talks have to start today rather than tomorrow, so we shouldn't waste so much time. The extension is only for four months and the time is ticking away."<br /><br />The eurozone agreed last month to extend Greece's bailout program until June,... and it is hoping to approve a detailed list of reforms by next month.<br />So far, Athens has only outlined its proposals in broad terms,... describing seven reforms it wants to launch.<br />The proposals will be soon discussed with the three institutions dubbed the troika -- the European Commission, the European Central Bank and the IMF.<br /><br />In the meantime, the European Central Bank began its 1-trillion-euro quantitative easing program on Monday,... as Europe's national central banks began picking up the debts of their own governments.<br />The euro fell to its lowest level against the U.S. dollar in 11-and-a-half years on Monday,... ending at $1-dollar-and-8-point-5 cents,... spurring talks of euro-dollar parity.<br />Shin Se-min, Arirang News.
