EU-IMF to conclude the verification of the Greece this week: the Minister of Finance (AFP)

Athens (AFP) - a critical audit of Greek finances to enable the countries of the eurozone debt-hit access a slice badly need funds of the EU and the IMF will end this week, the Greek Finance Minister said Monday.

"We conclude negotiations and I hope that they will be completed by Wednesday," Finance Minister George Papaconstantinou said TV antenna.

Discussions with the auditors of the European Union, the Monetary Fund International and the European Central Bank - 'troika' of creditors to rescue Greece last year - were dragged into a fourth week without precedent and in Athens debt woes are causing friction in the concern and European capitals market.

The German Finance Ministry source said that the results would be presented "probably at the end of the week".

Chief decision maker of the Finance Ministers of the euro area, Jean-Claude Juncker Luxembourg Prime Minister, said Monday he was "rather optimistic" on the outcome of the Enigma of debt Greek, adding that European leaders would work on a solution by the end of June.

"We will try to resolve the Greek problem at the end of June", he said to journalists after a meeting with French President Nicolas Sarkozy in Paris.

The European Heads of State are to hold a Summit 23-24 June in Brussels with the Greece should be the order of the day. It was also reported that will bring together Finance Ministers of the euro on the issue earlier in the month.

The Greece has warned that he need injection of EU loan to the IMF next 12 billion euros ($17 billion) to pay its bills or it will run more money in July.

But some of the peers of the eurozone Athens have expressed their reluctance to extend the fresh funds and the IMF has warned that he too could retain its share of the bailout of May 2010 EUR 110 billion if the country cannot find funding from other sources.

Prime Minister George Papandreou has struggled to build a more broad consensus on unpopular austerity measures insists are needed to save the country.

Papaconstantinou revealed Monday that the Prime Minister had offered to cooperate with the conservatives in opposition to "negotiate jointly" with the EU and the IMF and to agree on the appointment of experts to help reduce the deficit.

But the Conservatives, who were in power until 2009 and are blamed by many for the problem of debt in the first place, refused to work with the Government.

However, the talks with the Troika would conclude "favourable", Greece will receive the payment of the loan, the Minister said.

Despite the assurances of the Greece, over doubts about unpopular measures even more necessary to stabilize its finances have increased in recent weeks alongside fears that a kind of restructuring or rescheduling of debt will be required.

Thousands of people have occupied central place Syntagma in Athens since week last a peaceful demonstration against the policy of austerity.

With interest rates required by investors to lend to the Greece still painfully high, Athens will likely fail to return to the markets of the year next to finance debt maturities and may need a second rescue plan of up to EUR 60 billion.

The Dutch Finance Minister Jan Kees de Jager Saturday warned that his country would refuse additional disbursement under the current rescue plan, as would the Germany and Finland, if the Greece can not meet the conditions of the IMF.

Monday, the first Slovak Minister Iveta Radicova said $-euro 350 billion the Greece debt should be restructured, a notion rejected by the Minister of Finance of Belgium, which calls for a binding joint eurozone instead to help Athens overcome its crisis.

The Greece has been pressed to deliver on a huge drive of privatization of services designed to bring in some 50 billion euros in the relief of the debt of the State but the country's powerful unions are engaged to oppose the initiative.

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Greek Finmin suggests extension of repayment EU/IMF (Reuters)

PARIS/Athens (Reuters) - the Finance Minister Greek George Papaconstantinou suggested Monday that the EU and the IMF give Greece more time to repay its rescue and funds at a cheaper rate, for him to allow out of its severe debt crisis.

In an interview with French daily liberation published a coming day of an inspection visit by lenders, Papaconstantinou became the first Greek official to float the idea of a relaxation of the conditions on the rescue of $ 110 billion in addition.

The EU has lowered the interest rate and rescheduled refunds on March rescue plan to give some respite to Athens.

Reaffirming that the Greece excluded a restructuring of its debt, despite the more markets in addition to Paris that she will finally do so, said Papaconstantinou:

"It would be better that still lengthen us the repayment schedule of the 110 billion euros that our partners have lent us and that we have in addition more low interest rates." In this way, we could meet our other reimbursements. ?

A year after that area partners euro the Greece and the IMF saved from bankruptcy with a bailout plan of the pain-to-gain Athens required to reduce public spending and stimulate the collection of taxes, the Greece is faced with a deep recessionlow incomes and rising yields soared on its obligations.

"There are those who think (restructuring) is inevitable," Papaconstantinou said. "But there are also those who have bet lots of money on a Greek default." That explains the ridiculous rumours in recent weeks. There is no doubt of the restructuring. ?

NECESSARY BUT NOT SUFFICIENT?

An analyst said a rescheduling of repayments of rescue EU and the IMF would not be sufficient to avoid a restructuring.

"I would say that the lengthening of the EU loan and reduce the rate of loan could be a condition necessary to meet its budget targets, but not sufficient, the Greece", said analyst Kornelius Purps Unicredit.

Sign Greek bond dated short pink yields Monday, although the bid/offer spreads were in the region of 500 cents for two and five years Greek paper, reflects a lack of liquidity.

Papaconstantinou said the Greece was headed for a return to economic growth in the second half of 2011 and should see a full year of positive growth in 2012, but it was too early to see the end of the country's debt crisis.

"We are in the middle of the tunnel." Too far to see where we let go, that sometimes we forget that we had a narrow escape from default and too far from the output to see the light, which means "he says.

EU officials and the IMF start an inspection visit to Athens on Tuesday to assess whether the Greece has made enough progress on the rescue plan financial and objectives of the reform to receive a fifth tranche of 12 billion euros in aid.

Leaders of the zone euro have agreed at a Summit in March to extend the maturity of loans of rescue, to the Greece to 7.5 years doubling time of refund. They also agreed to lower the interest on their bilateral loan in Greece of 100 basis points.

(Reported by Catherine Bremer in Paris and Renee Maltezou Athens.) Written by Ingrid Melander. (Editing by John Stonestreet)

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