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Auditors to Stay in Greece Until New Reforms are Ready‎

Representatives of the European Commission, the ECB and the IMF, the so-called troika, will remain in Greece for as long as needed in order to determine the 11.6 billion euro worth of consolidation measures needed over the next three years, a Finance Ministry official said Sunday.
The troika had originally planned to leave Athens at the end of July and return at the end of August to conclude its inspection of the Greek economy and negotiations for the three-year economic program.
But IMF representative Paul Thomsen informed Greek Finance Minister Yiannis Stournaras that the intention “to stay as long as needed in order to shape a credible package of measures.”
The ministry official said the exchange took place Friday evening during a dinner between Stournaras and Thomsen, at the latter’s request.
“The mood was extremely good and marks a change in the so far hostile attitude of the representatives of our lenders,” the official said. “Mr. Thomsen assured the Greek finance minister that the troika will help determine the measures needed and will then depart to draft the report that will pave the way for the disbursement of the loan tranche.”
(source: AFP)

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