Troika “furious” over Greek delays, claims Bloomberg report
According to a report on Bloomberg, the IMF, EU and ECB are “furious” with the Greek government over the huge delays in…
According to a report on Bloomberg, the IMF, EU and ECB are “furious” with the Greek government over the huge delays in covering the 2015 budget gap.
The news report cites sources which suggest that Athens is resisting the troika’s pressure for further budget cuts to the tune of 2.5 billion euros for 2015. Furthermore, the troika is reported “furious” because the coalition government has not yet determined how it will cover the gap.
The delays mean that Greece is in danger of missing the 8th December deadline in order to collect the next bailout installment, which in turn may mean that Greece does not have any support as of January 1st, when the current program ends.
Bloomberg estimates that the much-delayed troika review is unlikely to be complete by the 8th of December, since Greece has procrastinated and not yet provided any concrete proposals for next year’s budget.