The Greek government said Friday that the negotiation was coming to the end.

The European Commission and IMF are considering offering Greece a loan of between 100 and 120 billion euros (133-160 billion U.S. dollars) over a three-year period, instead of the 45 billion euro promised earlier, French Economy Minister Christine Lagarde said after the meeting.

In exchange for this, the Greek government has to take more austerity measures along with necessary structural reform, media reports said.

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