Thursday 4 July 2013

Greece on tightrope once again?

  Greece's Goverment difficulty to deliver results towards public reform is puting this nation in a tightrope again in front the EU and IMF, it is not meeting the conditions attached to its bailout in order to receive their next tranche of aid.
Athens, which has about 2.2 billion euros of bonds to redeem in August, needs the talks to conclude successfully.
Athens is scrambling to bridge differences with troika inspectors and wrap up the review by the end of this week, a Greek coalition official who took part in the talks told Reuters on Tuesday.
"Negotiations must be concluded by Saturday or Sunday at the latest in order to have a (troika) staff agreement that will be discussed at a Eurogroup meeting on Monday," said the official who declined to be named.
The two sides had yet to agree on how to plug a fiscal gap and Athens has missed a June deadline to place 12,500 state workers into a "mobility scheme", under which they are transferred or dismissed within a year.
Source: Reuters

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