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GREEK OFFICIALS, DEBT INSPECTORS TO MEET IN PARIS

Published by Gbaf News

Posted on November 24, 2014

Featured image for article about Top Stories

ATHENS, Greece (AP) — The Greek finance ministry says the country’s debt inspectors will meet with Greek officials in Paris on Tuesday to move ahead with the stalled review of the nation’s financial reforms.

Greece and its debt inspectors — from the International Monetary Fund, European Commission and European Central Bank — disagree on what reforms remain to be completed before the main part of the country’s bailout ends this year.

Last week, the government submitted its 2015 budget to Parliament without the debt inspectors’ approval, sticking with high-growth and low-deficit predictions that creditors say are too rosy.

Greece has relied on bailout funds from other eurozone countries and the IMF since 2010. In return, it imposed stringent spending cuts and tax increases and reformed its economy, which has been under creditors’ close supervision.