| Author (Corporate) | Deutsche Welle |
|---|---|
| Series Title | Article |
| Series Details | 08.07.13 |
| Publication Date | 08/07/2013 |
| Content Type | News |
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The Troika (European Commission, ECB and IMF) gave Greece mixed marks on the 8 July 2013 as it completed its latest review of the country’s adjustment program and highlighted the reforms the government needed to implement in the coming days and weeks. Greek officials expressed confidence that a deal to unlock billions of euros in financial aid was about to be reached. The Eurogroup and the IMF’s Executive Board were expected to consider the request for approval of the review in July 2013. However, there were still doubts about whether EU ministers would approve the release of the funds. The Troika review recognised some progress in Greece's savings and reform efforts, but still saw much room for improvement, particularly in the reform of its alleged bloated bureaucracy and the privatisation of state assets. In the event EU Finance Ministers of the Eurogroup agreed on the 8 July 2013 to release €3bn of aid for Greece, seeking to buy enough financial calm to prevent another debt-crisis showdown until after Germany’s elections in September 2013. They told Prime Minister Antonis Samaras’s government it must step up the reform of tax administration and modernise the public sector. |
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| Source Link | Link to Main Source http://dw.de/p/193ay |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Greece |
