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Sunday, January 21, 2018, 

Greece's creditors to arrive in Athens "early this week"

Greece

Brussels, 27 February 2017 (MIA) - Greece‘s team of creditors will be arriving "early this week" to resume a review of the country‘s reform programme, the European Commission confirmed on Monday, dpa reports.

Greece needs to make sweeping reforms to its labour market, pension system and collective bargaining agreements in order to receive its next vital bailout payment.

According to Greek media reports, representatives from the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund will meet with the Greek government to discuss lowering the income tax threshold from the current 8,636 euros (9,140 dollars) to 6,000 euros.

Greece has been bailed out three times since 2010. The latest bailout deal, worth 86 billion euros in total, was agreed in July 2015. So far 31.7 billion euros have been disbursed. ik/16:47

 

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