ECONOMY

Troika staying on till the end of the month

Finance Minister Yannis Stournaras said on Saturday that the representatives of the country’s creditors will be staying on for a few more days to continue talks with the Greek government on the implementation of the adjustment program.

On his way out of the Prime Minister’s office early on Saturday afternoon, Stournaras stated that “negotiations are going well, there is significant progress on all issues and we will continue until the end of the month.”

Originally the negotiations of the troika – i.e. the representatives of the European Commission, the European Central Bank and the International Monetary Fund – with the Greek government were set to be concluded on Saturday, for the mission to depart on Sunday.

However a number of outstanding issues, such as the deficit of social security funds for 2014 and the efficiency of the tax collection mechanism, have apparently forced the prolongation of the September visit of the troika in Athens.