Greek Government Speeds Up Reforms
Greek government puts forward changes to utilities and the financials of hospitals and pension funds since they have already cost EUR3 bil. to the budget.
According to the IMF report in first five months of the year, spending in hospitals and funds missed the target by EUR1.5 billion euros, while the public transport’s debts and also expected to burden the budget.
According to the IMF interim report which was published late Friday, the government managed through cutting wages and reigning tax evasion to cut the deficit by 3.5 billion more than the initial target.
The IMF report also gives credit for the measures and the progress, but notes the dangers.
Next Monday and for two weeks, the mission ECB - European Commission - IMF will be in Athens and will meet with ministries, Bank of Greece, hospitals, utilities, insurance funds, research institutions and commercial banks.
The audit will be completed on August 6, and if the reports by the EC and the IMF are positive, Greece will receive the second installment by mid-September.
(Capital.gr)