Troika to Assess Greek Economic Reforms |
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July 25, 2010
A team from the European Commission, European Central Bank and International Monetary Fund will on Monday start a rigorous check of Greece’s progress with implementing economic reforms.
A team from the European Commission, European Central Bank and International Monetary Fund will on Monday start a rigorous check of Greece’s progress with implementing economic reforms.
Experts from the so-called “troika” are on a two-week mission to Athens to assess whether the government has met benchmarks required to draw down a second loan tranche in September from a €110bn (£92bn $142bn) bail- out package funded by the EU and the IMF.
George Papaconstantinou, finance minister, said in an interview published at the weekend he was confident the next loan tranche would be disbursed on time as Greece had already outperformed the targets.
