Troika returns on June 4
Troika returns on June 4
Troika returns to Greece on June 4, as announced today by the International Monetary Fund spokesman Jerry Rice...
Troika returns to Greece on June 4, as announced today by the International Monetary Fund spokesman Jerry Rice.
Poul Thomsen’s team will stay in Greece for about two weeks during which it will monitor the country's finances.
During the standard press briefing in Washington, Rice said that currently the IMF is focusing on the third evaluation of the Greek program and the country’s commitment on its prerequisites.
He reiterated the need to reduce the Greek debt by saying that a new reduction is required to keep the program from derailing. "Our estimates show that it will take a further easing of the Greek debt to achieve the objectives of the program," Rice said.
However, he added that he does not expect any further discussions on the participation of the official sector "at this stage" and denied that the IMF will accept a haircut on the loans it has given to Greece.
Regarding Cyprus, Rice said the risks for the country's economy remain at a high level.
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