Troika tells Greece even tougher austerity measures needed before any further fund disbursement

Author: Pete Jackson | Category: News

The second day of bailout talks between the Greek government and the troika has met with a further  hiccup after the lenders insist on further austerity measures, including bigger cuts to the minimum wages and pensions , and an extension to working hours.

There’s about Eur 3.5 bln of the 13.5 bln austerity package that the Troika are not happy with, and they are insisting that Greece completes the implementation of  a range of structural reforms ( that it has already fallen behind schedule with due to the elections ) first.

Can’t imagine Greece intention’s to build a FI race track has done much to impress the troika either…...

More… ekathimerini


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