Minister for Finance Michael Noonan will join eurozone finance ministers in Brussels today to continue discussions on allowing Greece access to €7.2bn in bailout funding.

The meeting comes some 24 hours before Greece is due to make a €750m interest repayment to the IMF.

Negotiations have been slow to progress in the last few months, with fears growing that an exit by Greece from the eurozone in likely.

According to Bloomberg German Chancellor, Angela Merkel is coming under increasing pressure from her own party and the German finance ministry to reach a deal that would see Greece leave the euro.

Eurozone sources say there is little expectation of a deal today to secure the release of €7.2bn to Greece – the final tranche of cash from its second bailout. 

It follows months of tension and disagreement between the government and the EU/IMF on reforms in exchange for the money. There are growing concerns that the country will become insolvent as it continues to take money from local governments to pay its debts.