Tuesday Jan 27, 2015 Search
Weather | Athens
13o C
7o 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)  
Cyprus to stay in recession for 2015, university survey finds
Europe stocks fall from seven-year high; Greek bonds drop
Greek uncertainty weighs on low-rated eurozone bonds
Consumer confidence in decline in Q4
The new cabinet
Greek Cabinet as of January 27, 2015 Prime Minister: Alexis Tsipras Deputy Prime Minister: Yiannis Dragasakis Ministry of Interior and Administrative Reconstruction Minister: Nikos Voutsis A...
Kammenos: from conservative rebel to Greek PMs unlikely ally
Panos Kammenos, whose nationalist Independent Greeks party has entered into an unlikely coalition government with the radical left-wing Syriza, once walked the corridors of parliament wearin...
Inside News
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakoss 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
Inside Sports
COMMENTARY
Greece, where everyones a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
EDITORIAL
Political faux pas
Democracies have rules and institutions that must be respected and served by all who represent them. Most people can appreciate that politicians who have worked hard for the past two-and-a-h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. The new cabinet
2. Cyprus to stay in recession for 2015, university survey finds
3. Kammenos: from conservative rebel to Greek PMs unlikely ally
4. Yanis Varoufakis named Greeces new finance minister
5. Greek Elections 2015: Forming a government, Part 2 | LIVE
6. Death count rises to 11 in military jet crash at Spanish base
more news
Today
This Week
1. Greek Elections 2015: Forming a government, Part 1 | LIVE
2. Greece, where everyone's a winner
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Political faux pas
5. Greek uncertainty weighs on low-rated eurozone bonds
6. Europe stocks fall from seven-year high; Greek bonds drop
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greek Elections 2015 | LIVE
3. SYRIZA heads for historic victory but without majority
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Unsupervised voting
6. QE exclusion a de facto Grexit
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.