EU appeals to Greece to meet bailout conditions by Monday

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FILE - In this Sept. 9, 2016 file photo, European Commissioner for Economic Affairs, Taxation and Customs Pierre Moscovici during a news conference after the Eurogroup's deliberations at the Informal Meeting of Ministers for economic and financial ... affairs in Bratislava, Slovakia. Moscovici appealed to Greece on Tuesday, Oct. 4, 2016, to meet several outstanding conditions by next week so that more funds can be released to help bolster the debt-strapped country’s economy. (AP Photo/Bundas Engler, File) (The Associated Press)

The European Union is appealing to Greece to meet several outstanding conditions by next week so that more funds can be released to help bolster the debt-strapped country's economy.

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Top EU economy official Pierre Moscovici told European lawmakers Tuesday that "it's of capital importance to be able to finish this by Monday."

Finance ministers from countries using the euro single currency meet in Luxembourg on Monday to debate progress on the so-called "milestones." The outstanding ones concern privatization, energy sector reforms, setting up a revenue agency and bank governance

Successfully meeting the milestones would pave the way for the disbursement to Greece of 2.8 billion euros ($3.1 billion).