Greek finance minister confident of troika compromise before end-year

Greek finance minister Yannis Stournaras expressed his confidence that a solution will be found in negotiations with the troika before the year is out.

Stournaras made the comments after a cabinet meeting chaired by prime minister Antonis Samaras in Athens on Monday.

A compromise should be found before Greece takes over the rolling EU Presidency in the first half of 2014.

“We will find a solution. This is what should happen” Stournaras said.

Cabinet ministers discussed progress in the mobility scheme in the civil service as well the outstanding prior actions that must be pushed through before the troika arrives in Athens early December to continue talks with the government.

Samaras reportedly urged key ministers to redouble their efforts to meet economic reform targets in order for the next tranche of rescue money to be disbursed.

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(Photo: The Council of the European Union)