Wednesday, September 21, 2011

Troika makes ‘good progress’ on Greek deal

Financial Times
September 20, 2011

Evangelos Venizelos, the Greek finance minister, and the so-called troika debating funding for Greece concluded a conference call late on Tuesday, with lead negotiators set to return to Athens early next week in the clearest sign yet they are about to sign off on an €8bn aid payment to the debt-ridden country.

The European Commission said “good progress” was made in a teleconference between Athens and negotiators from the European Commission, the International Monetary Fund and the European Central Bank, which was aimed at reaching an agreement over a set of measures to allow the release of the next bail-out tranche to Greece.

The full mission is expected to come back to Athens early next week to resume the review, almost three weeks after leaving the Greek capital.

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