EU, IMF experts set to report on Greece this week: Berlin

30th May 2011, Comments 0 comments

EU, IMF and European Central Bank experts are set to deliver this week their conclusions on Greece's economic perfomance, on which further bailout funds depends, a German finance ministry said Monday.

Previously there had been no official deadline attached to the handover of the troika's report on the country's efforts to stabilise its public finances in the face of massive debt and deficit problems.

The German ministerial spokesman said the findings would be handed over "probably at the end of the week."

The troika's findings will determine whether Athens receives the next next 12-billion-euro ($17-billion) instalment of a 110-billion-euro ($155-billion) EU-IMF bailout package agreed last year.

Despite Greece's assurances, doubts over the country's capacity to take the necessary, unpopular measures have been growing in recent weeks alongside fears of some kind of debt restructuring or rescheduling will be necessary.

Thousands of people flooded central Athens Sunday evening on the fifth day of protests against government austerity policies.

© 2011 AFP

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