Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news Greece making 'significant progress' but issues remain: ECB

Greece making 'significant progress' but issues remain: ECB

14 March 2013, 12:14 CET
— filed under: , , ,

(FRANKFURT) - Crisis-wracked Greece is making "significant progress" in its economic reform programme but some issues nonetheless remain outstanding, the European Central Bank said on Thursday.

Speaking for the "troika" of international auditors that also includes the European Commission and International Monetary Fund, the ECB said the inspectors would take a "short break" and return to Athens in early April.

"As additional technical work will be necessary to settle these issues, the mission will take a short break to allow this work to be completed," the ECB said in its statement.

The troika has been conducting a regular audit of Greece's austerity reforms since the beginning of March.

The talks -- mainly focused on civil service job cuts -- will determine whether Athens can claim a loan slice of 2.8 billion euros ($3.7 billion) initially due at the end of March.

Since 2010 the EU and the IMF have committed 240 billion euros overall in rescue loans to Greece.

Despite the "outstanding" issues, Greek Finance Minister Yannis Stournaras said "in my opinion, the loan tranche is secure."


Document Actions