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"Troika" in Athens

31. January 2011. | 09:13

Source: ANA

The inspection will focus on ratifying a revised memorandum and specifying measures, worth 12.77 billion euros, needed for the period 2012-2014.

A group of experts of the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'troika' have begun a regular inspection of the Greek economy, ahead of a decision to approve disbursement of the fourth tranche of a 110 billion euro EU-IMF support loan, worth 15 billion euros, to the country next month.

The troika experts visited the finance ministry and will visit the Hellenic Statistical Authority, the Bank of Greece and government ministries related with the memorandum. The troika heads are due to arrive in Athens on Monday.

The inspection will focus on ratifying a revised memorandum and specifying measures, worth 12.77 billion euros, needed for the period 2012-2014.

These measures will be published in the next few weeks, as part of a Stability Programme to be submitted with the European Commission and to become a law of the state by the end of April.

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