Greece’s international creditors on Wednesday began reviewing the progress made by Athens in implementing reforms promised to secure another tranche of money for the debt-stricken country.
The Finan
ce Ministry said delegates from the European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Stability Mechanism met with Finance Minister Euklid Tsakalotos.
According to reports, Athens has already implemented 30 per cent of the reforms demanded by the lenders in return for emergency debt relief.
It added that the institutions’ representatives were to stay in Athens until Friday.
Athens has been ordered to push another set of hardline austerity measures through parliament in November, including the abolishment of tax breaks for farmers.
Meanwhile, workers have organised counter-protests, and Greece’s two biggest unions have agreed to strike on Nov. 12 in response to the cuts.
The eurozone lenders signed an 86 billion euro (98 billion dollar) fiscal rescue deal with Athens in the summer, with an initial 13 billion Euros having been made available to Athens in August.
Credit institutions have yet to give the go-ahead for the next 2 billion euro installment.
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