“Troika” to continue controls in athens in october

The heads of the "troika" of international lenders plan to continue their inspections in athens at the end of october. This is what a high-ranking employee of the greek ministry of finance told the dpa news agency on saturday. The experts from the EU commission, the european central bank (ECB) and the international monetary fund (IMF) had previously met with the greek head of government, antonis samaras. "The negotiations will continue", said the greek finance minister ioannis stournaras on tv. They ran well, he said.

One of the most important points is the slimming down of the state through privatization and layoffs in the public sector. The focus of the privatizations is on the port and airport, the waterworks in athens and the port of thessaloniki, and the greek munitions and weapons industry (ELBO and EAS). Troika to demand immediate closure of ELBO and EAS. The government in athens says the two heavily loss-making companies should be restructured in stages. There are also problems with the collection of taxes, he said.

Athens also asked for an extension of the deadline for slimming down the state’s personnel. So far, about 12,500 state employees have been sent to the so-called mobilitatsreserve. If they don’t get a job in other state agencies, they have to leave. Another 12,500 state employees were originally to follow by the end of the year.

Athens, however, asks for a two-month extension of this deadline, according to the ministry of finance. The troika has so far not given the green light. On both issues, "many things still need to be clarified," he said.

It is about the release of a further tranche in the amount of one billion euros for the bankruptcy-threatened euro country. In athens it is expected that the money will be released. In november, the much more important issue of the possible shortfall in the current greek bailout program should be addressed. Finance minister stournaras had put the shortfall at around 10.5 billion euros – 4.5 billion for 2014 and 5.5 billion for 2015.

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