No glitch in negotiations with troika officials, Greek government says

Written by on November 1, 2013 in Europe - No comments

Greek government sources have denied the troika has put off a visit to Athens on Monday to negotiate progress in the country’s adjustment program and finalize the approval of the disbursement of the next tranche of Greece’s rescue loan.

Reuters reported Thursday – citing statements by Eurozone officials – that troika inspectors put the trip on hold because they were unable to bridge differences with Greece over how to close a 2 billion euro ($2.7 billion) hole in its 2014 budget.

The Greek Finance Ministry reportedly says the visit will go ahead as planned with meeting having been set up already between the troika officials and representatives of Greece’s Finance, Labor, Development and Health ministries as well as with officials of the National Bank of Greece.

Negotiations are set to focus on the future of state-run LARCO, Hellenic Vehicle Industry and Hellenic Defence Systems as well as the privatization of water companies EYDAP and EYATH.

A target to put 12 500 civil servants in a “mobility scheme” of forced transfers or dismissals and fire another 4000 by the end of the year will also be discussed.

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