Greece likely to receive next aid round: report

FRANKFURT (MarketWatch) -- Greece's creditors are set to approve the next tranche of Greece's bailout after the Greek government said a new tax would provide 2 billion euros ($2.7 billion) in additional revenues, Dow Jones Newswires reported Monday, citing two International Monetary Fund officials. The officials dismissed speculation of an impending default, the report said, but added that it remains crucial that Greece meet promises to shrink its public sector and tackle tax evasion. Without the aid tranche, which is part of the 110 billion euro bailout plan approved last year, Greece would likely run out of money within weeks. The Greek government is expected to meet with a review team from its creditors -- the IMF, European Union and European Central Bank -- this week, resuming talks that were suspended earlier this month