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14 Mar 2013
Troika suspends talks on Greek bailout until April
The EU, ECB and IMF inspectors, who have been in Greece for the last few days conducting a review of the country’s bailout program, decided to leave today and resume the negotiations in April, giving Athens time to straighten out some unresolved issues.
Even though the Troika’s overall evaluation of Greece’s efforts to implement reforms required by the bailout program was positive, some moot points remain, such as job reductions in the civil service sector or the extension of the emergency property tax imposed in 2011.
Nevertheless, Greek Finance Minister Yannis Stournaras believes that an agreement is attainable and the 2.8 billion euro tranche is sure to be released. “There has been significant progress in the talks with the Troika,” he said assuring that “there is no issue with the loan tranche.”
Even though the Troika’s overall evaluation of Greece’s efforts to implement reforms required by the bailout program was positive, some moot points remain, such as job reductions in the civil service sector or the extension of the emergency property tax imposed in 2011.
Nevertheless, Greek Finance Minister Yannis Stournaras believes that an agreement is attainable and the 2.8 billion euro tranche is sure to be released. “There has been significant progress in the talks with the Troika,” he said assuring that “there is no issue with the loan tranche.”