Wednesday April 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU/IMF troika wraps up Greek mini-audit before major fall review [Update]

Inspectors from Greece's EU/IMF lenders have concluded a short, interim checkup of the country's performance under its bailout and will return for a more comprehensive audit in September, a senior Greek finance ministry official said on Wednesday.

The scheduled week-long visit by inspectors was an unusually low-profile one to review the pace of reforms and lay the ground for the more crucial audit on fiscal targets and funding gaps in the fall, when talks on new debt relief are also expected to begin.

“We had constructive talks, they wanted to take stock of where we are in terms of the [bailout] program. We decided to start our next review in September,” said a senior finance ministry official, declining to be named.

The two sides held talks on privatizations, structural reforms to make the economy more competitive, tackling bad loans burdening banks and the state of public finances; but no major decisions were taken.

EU officials in recent weeks have raised alarm that Greece is slowing down on the reform front after the opposition, anti-bailout SYRIZA party won the country's EU election in May.

Prime Minister Antonis Samaras has also promised austerity-weary Greeks gradual tax relief as Athens expects to post another budget surplus before debt servicing costs, but that has not yet won the backing of EU/IMF lenders.

Athens needs to push through a set of six reforms, including merging auxiliary pension funds, to qualify for its next tranche of 1 billion euro in aid but so far has only managed one - passing a law to privatize major power utility PPC.

“August will be a month of tough work for us, there is a list of issues that we need to speed up,” the official said. “There are a few remaining milestones.”

Bailed out twice with 240 billion euros, Greece's fortunes have revived sharply in recent months, helping it raise 4.5 billion euros in bond issues since April after a four-year exile from debt markets. But analysts say the country is not out of the woods yet, given fragile political stability and the prospect of early elections later this year or next year. [Reuters]

ekathimerini.com , Wednesday Jul 16, 2014 (13:28)  
Carrot to pay income tax all in one go
IOBE: No agreement would be a huge failure
Haircut on Greek banks’ collateral?
Uncertainty hits bookings from Germany and the UK
Greek PM eyes Merkel support
Prime Minister Alexis Tsipras is to meet with German Chancellor Angela Merkel Thursday in Brussels in a bid to secure a statement of political support from Berlin amid tough negotiations wit...
Mayors resist coalition´s demand to hand over cash reserves
Mayors insisted on Tuesday that they would not allow their municipalities’ cash reserves to be transferred to the Bank of Greece, as the government wants, at least until they have held a mee...
Inside News
BASKETBALL
Second win for the Reds over Barca in four days
Olympiakos is one step from the Euroleague Final Four in Madrid after downing Barcelona on Tuesday for the second time in four days, to edge ahead 2-1 in the best-of-five play-off series. Th...
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
Inside Sports
COMMENTARY
IMF needs to correct its big Greek bailout mistake
The Greek government's mounting financial woes are leading it to contemplate the unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and fu...
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Second win for the Reds over Barca in four days
2. Carrot to pay income tax all in one go
3. IOBE: No agreement would be a huge failure
4. Haircut on Greek banks’ collateral?
5. Uncertainty hits bookings from Germany and the UK
6. No leap in relations with Russia
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. No ferries on Labor Day as seamen take industrial action
4. ECB studying curbs on Greek bank support
5. Silence is not an option
6. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Time to get serious
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. Greek government's popularity takes a hit as talks drag on
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.