Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

21 July 2014

Greece: Joint statement by the European Commission, ECB and IMF


Default: Change to:


The latest Troika mission to Greece continues, with further talks due in September. Meanwhile WSJ reports that creditors are considering making further support conditional on reform.


A joint team from the European Commission, ECB, and the IMF has concluded a visit to Athens to take stock of recent developments and discuss with the authorities the work programme in preparation for a full mission to conduct the next review of the programme. The meetings were productive, and it was agreed that the full mission should continue discussions in the second half of September.

The WSJ reports that 'Greece's international creditors are considering making debt relief for Athens conditional on reforms in a bid to keep a grip on the country's economic policies after its bailout program finishes, according to several officials directly involved in the discussions. How to ease Greece's debt—which stands at a heavy €320 billion ($434 billion), or roughly 174% of gross domestic product—is a question that has dogged euro-zone.'

Statement

WSJ article (Subscription required.)

 


 



© Wall Street Journal


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment