Troika: Fears for new funding gap

According to Reuters agency, Troika expresses its deep concern about the collection of tax revenue and meeting the budgetary targets in Greece in a report. It speaks of inability or unwillingness of the Greek government to raise sufficient tax revenues, which could create a new funding gap.

After months of relative calm, worries about Greece and the political crisis that broke out in Portugal, among other issues, have raised fears of a new resurgence of the Eurozone crisis, the agency says.

International creditors are questioning the will of Greece to change, it adds, noting that if the country's long-term refinancing is not assured, IMF might withdraw.

European officials have criticized Greece in recent weeks with some arguing that the Greek government is doing as less as it can and that country's economic prospects are deteriorating.

The 47-page report formed the basis of the decision of Greece’s lenders to disburse the tranche in sub-tranches, provided that the country will implement the agreed conditions.

"Strengthening the Greek fiscal management is a key pillar of fiscal adjustment strategy. The failure to achieve the goal of improving performance in the collection of tax revenue would mean alternative measures to close the resulting budget gap," the report says.