Thursday, February 10, 2011

Troika heads to present findings

The IMF-EU-ECB (troika) experts are expected to present their recet findings on Greek economy, during a press conference on Friday and
ahead of the approval of an IMF-EU-ECB loan's fourth tranche.
According to sources, the troika officials have focused on the need to speed up structural changes, in their contacts with government members who work towards the implementation of the memorandum terms.
According to the same reports, uncertainties in the troika's view are located in the expenditures of the wider region of Central Governance (hospitals, funds, etc.), the handling of tax evasion and the speeding up of privatisations.
Finance ministry officials point out that the disbursement of the loan's fourth tranche is a foregone conclusion, while what is necessary is for the momentum in reforms not to be lost, many of which have already been enacted or have started being implemented.



source: ANA-MPA