Tags: EU | Greece | financial | crisis

Greek Bailout Program Review Hits Snag

Tuesday, 12 March 2013 12:49 PM

Inspectors from Greece's rescue lenders have delayed a meeting with the prime minister after talks stalled over tax collection difficulties and promised reductions in public sector staff.

Government officials said a meeting between Prime Minister Antonis Samaras and the inspectors from the European Union, European Central Bank and International Monetary Fund was postponed by one day Tuesday, following hours of negotiations involving members of his Cabinet.

Greece is due to receive its next bailout loan installment of $3.65 billion later this month, but Finance Ministry officials late Monday said deficit-reduction talks had been held up by creditors' demands for faster implementation of programs for public sector staff cuts and tax arrears payments.

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Inspectors from Greece's rescue lenders have delayed a meeting with the prime minister after talks stalled over tax collection difficulties and promised reductions in public sector staff.
EU,Greece,financial,crisis
112
2013-49-12
Tuesday, 12 March 2013 12:49 PM
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