Greece, Troika Close In on Deal to Unlock Aid
Thursday, 01 January 1970
Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, Reuters reported, quoting EU and Greek officials.
Athens has been in talks with inspectors from the European Union, European Central Bank and International Monetary Fund "troika" for nearly a week to show it can deliver on its pledges after failing to meet public sector reform targets.
"We made very good progress," Poul Thomsen, head of the International Monetary Fund's mission to Greece, told reporters on Sunday, adding that he hoped talks would be concluded early on Monday before the Eurogroup meeting of finance ministers. Finance minister Yannis Stournaras too said he was optimistic of a deal on Monday morning, Reuters added.