Troika to restart talks with Greece

Comment on this story
Greece national flag1 REUTERS Picture: John Kolesidis / Reuters

Athens - Stalled negotiations between Greece and its international creditors over the cash-strapped country's austerity plan will resume on Monday.

Greece aims to receive a positive recommendation from the so-called troika - the European Commission, European Central Bank and International Monetary Fund (IMF) - by March 7 so that Athens can receive its next bailout disbursements.

Negotiations between the Greek authorities and the troika have been stalled since September on several issues, most notably the size of this year's projected fiscal gap, and reaching a deal on the next round of labor market reforms and spending cuts.

Since 2010 the country has received 240 billion euros (330 billion dollars) in international loans that come with strict austerity and reform requirements attached.

The eurozone's rescue fund still has 10.1 billion euros available, with the IMF also contributing to the emergency bailout.

The current Greek bailout programme is due to end in late 2014, but there has been speculation that Athens will need a third rescue package. - Sapa-dpa

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines