Creditor representatives to return to Athens on Saturday

29 January 2016
815 Views

Leading representatives of Greece’s creditors are expected to return to Athens on Saturday for negotiations with the government ahead of a review of the implementation of the country’s third bailout.

Meanwhile talks at the technical level are ongoing both on the state of the budget and on the government’s plans for reform of the pension system.

According to sources, Declan Costello of the European Commission, Rasmus Refer of the European Central Bank and Delia Velculescu of the International Monetary Fund are expected to return to the Greek capital on Saturday. Their expected return is a relief for the government as it is a step toward a much anticipated review, whose completion could trigger talks on debt relief.

But the review is expected to take time due to differences of opinion between the two sides on the issues of pension reform and the need for additional fiscal measures.

The government has indicated that it wants the review to be completed by February but a statement by European Economic and Monetary Affairs Commissioner Pierre Moscovici, describing the upcoming talks as “difficult,” suggests that it will take more time before a compromise can be thrashed out between the two sides.

You may be interested

Mystery titanium ball found in Bahamas from space
WORLD
shares16 views
WORLD
shares16 views

Mystery titanium ball found in Bahamas from space

Panos - Mar 01, 2021

A heavy titanium ball, believed to have been a part of a Russian spacecraft, has been discovered on a beach…

Greek government spokesperson resigns
GREECE
shares19 views
GREECE
shares19 views

Greek government spokesperson resigns

Panos - Mar 01, 2021

The Greek government spokesperson, Christos Tarantilis submitted his resignation in a letter to the Prime Minister, Kyriakos Mitsotakis on Sunday.…

Video shows Turkish President Erdogan supported as he walks down stairs
GREECE
shares21 views
GREECE
shares21 views

Video shows Turkish President Erdogan supported as he walks down stairs

Panos - Mar 01, 2021

A video showing Turkish President Erdogan Turkey being supported as he tries to walk down a flight of steps with…

Leave a Comment

Your email address will not be published.