(ANSAmed) - ATHENS, APRIL 26 - After a brief pause due to the
pre-election period in Greece, representatives of the troika
(the International Monetary Fund, the European Union and the
European Central Bank) will once again be heading back to the
country. Immediately after the formation of the new government
resulting from the May 6 parliamentary elections. The troika
will be heading back to Athens for an initial visit to the new
staff of the Finance Ministry. It will then go back again later
in early June to begin verification on the implementation of the
plan for recovery of the Greek economy and the deciding on
economic measures to bring in 11.5 billion euros in the
2013-2014 period provided for by the programme.
According to Finance Ministry sources quoted by Greek
newspapers, if the recession in 2012 surpasses the 4.7% foreseen
by the state budget, then the troika may requests fresh measures
during the June verification visit. Should this be the case, the
finance ministry may request an extension for the period to
reduce deficit to under 3%, for 2014 instead of 2013. Moreover,
the same sources say that the Council of Ministers meeting
scheduled for tomorrow will make decisions concerning the
recapitalisation of banks and thereby prepare for a definitive
solution to the problem for the post-election period.(ANSAmed).
