An EU-IMF technical team begins on Wednesday a new review of the Greek economy, with the focus on progress in execution of the budget (revenues and expenditures), materialisation of the Medium-Term Fiscal Programme and denationalisations, ahead of the arrival on August 16 of the European Commission (EC), European Investment Bank (ECB) and International Monetary Fund (IMF) 'troika' heads.
Following the review, the troika will draft its new report ahead of the disbursement of an 8 billion euros tranche of financing to Greece which, according to the Athens government, will be the first tranche of the new 109 billion euros support programme for the country decided at last week's eurozone summit in Brussels.