It's that time of the year again. Just a week before the Troika auditors return to Greece, the government realizes time is running out and a race against time to fulfill prior obligations is on. It's happened in so many Troika visits, it's starting to feel like business as usual.
Finance minister Gikas Hardouvelis will be attending the July 7 Eurogroup meeting and will then hold his first domestic meeting with the heads of the troika, who are coming back to Athens on July 8 for 7-10 days.
The representatives of Greece’s international lenders (IMF’s Poul Thomsen, ECB’s Klaus Masuch and EU Commission’s Declan Costello who replaced Matthias Mors) are expected to focus on the implementation course of the 12 prior actions and the budget execution.
The issue of court decision on uniformed staff wages is also expected to be raised (how the fiscal gap created will be covered); Greece and the troika will also discuss what the government will do in case there are more court decisions on other special payroll categories (university professors, diplomatic employees, doctors).
Thomsen and Costello will be addressing an Economist conference in Athens on July 9 & 10, outlining the Troika’s intentions. Hardouvelis and the head of the European Stability Mechanism Klaus Regling will also be participating in an Economist conference panel on July 9.
Photo: Reuters
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