NEWS

FinMin to face questions on progress as auditors mull Greek proposals

Finance Minister Yannis Stournaras is expected to face a barrage of questions from his eurozone counterparts at a summit in Brussels on Monday amid the slow implementation of reforms which has led troika officials to delay their scheduled return to Athens.

Although Greece is not officially on the agenda of talks at the summit, it is expected that the progress of reforms will be discussed while Athens hopes that a date for the return of troika envoys could be set.

Government officials sent foreign auditors Greece’s proposals for dismantling barriers to competition over the weekend after the troika insisted that the implementation of dozens of recommendations in a report by the Organization for Economic Cooperation and Development (OECD) were key for the completion of a current review of Greece’s reform progress. The review must be completed before further rescue loans can be released.

Stournaras discussed the matter over the weekend with Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos in a bid to reach an agreement that satisfies the troika without fueling political tensions. Kathimerini understands that the government is prepared to adopt 80 percent of the recommendations while rejecting or offering alternatives for the rest.

Online