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Greece seeks more time for reforms
2012-08-22 13:33:11 | (0 Comments)
THE REQUEST: Greece needs more time to implement tough financial reforms and spending cuts, Prime Minister Antonis Samaras says as he starts the first of a series of top-level European meetings to discuss his debt-ridden country's international bailout.
THE REPLY: Eurogroup head Jean-Claude Juncker says that a potential extension to Greece's bailout programme will depend on a report into the country's finances by international debt inspectors.
THE TROIKA: The inspectors from the European Commission, European Central Bank and International Monetary fund are due to return to Athens next month to review Athens' progress on implementing reforms.
Source: The Gleaner/Power 106 News
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