After speaking with creditors for a second time Tuesday, Greek Finance Minister Angelos Venizelos stated, “Greece is and will always be a member of the eurozone.”

Officials from the European Union and International Monetary Fund announced they will be back in Athens next month to resume inspections of the Greek economy and whether it should get another loan payment.

An EU statement says good progress was made along with the agreement for inspectors to return to Greece to continue their review of economic reforms.

It is up to the inspectors to determine if Greece is meeting lenders' demands for spending cuts and a smaller government and whether it can receive the next installment of a $159-billion economic bailout.

Without the payment, Greece will run out of money next month and default on its financial obligations. That could have devastating consequences across the European Union and the United States.

Greece is deep in debt and has already slashed government spending, laid off thousands of civil servants, and imposed new taxes to close its budget deficit.

An IMF statement says Greece has made impressive progress. The IMF said Greece's European partners will stand by Athens as long as it continues to pursue sound policies. The statement said “The ball is in Greece's court.”

Discussions about the Greek economy are to be discussed at this weekend's annual IMF meeting in Washington.