International lenders will return to Greece in late September

The European Central Bank, the European Commission and the International Monetary Fund, also known as the troika, said on Thursday they would return to Greece later in September to study reform progress under the existing adjustment program.

“Productive discussions were held on some key issues for the forthcoming review of Greece’s economic program. The full mission is expected to arrive in Athens in late September,» the European Commission said in a joint statement.

Athens has had to seek the help of international creditors twice since 2010, winning an overall 240 billion-euro (312 billion-U.S. dollar) aid package to avert bankruptcy, accompanied by painful austerity and reforms. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.