Politics: Greek FinMin, troika heads teleconference completed

The tele-conference between Greek government Vice President and Finance Minister Evangelos Venizelos and the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'troika' heads ended late Tuesday night.

Reports said that an agreement was reached according to which the troika heads will arrive in Athens early next week in order to complete their control, which would allow the approval of the 6th tranche of the troika loan to Greece.

Tuesday’s teleconference began earlier on Tuesday night.

The talks concerned the approval of the 6th tranche of the troika loan to Greece. On Tuesday morning, the troika's technical delegations collected from the State General Accounting Office the data requested during Monday night's discussion and it is considered possible that the two sides will finalise the measures that will secure the deficit's target.

In the specific case, the heads of the troika are expected to come to Athens in early October with the aim of completing the evaluation of the Greek economy and the preparation of the relevant report to the European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB).
According to reports, the troika is requesting that the measures cover revenues by 1/3 and expenditures by 2/3. On the side of revenues, the same reports say that presented at the table of discussion were both the new decrease in the tax-free limit and the immediate equation of taxes for heating oil and diesel oil.
On the side of expenditures, what are included, among other things, are the speedier implementation of the new salary scale in the public sector (with salary decreases), the extension of the labour reserve to the narrow public sector as well, the further decrease of auxiliary pensions, the closure of organisations in the public sector, the curbing, to the point of nullification, of bonuses, etc.

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