Greece Talks with Creditors as Austerity Strikes Continue
Greek officials resumed talks with representatives from the country’s creditors as strikes continue to rock the public sector, BBC News reports.
Present in Athens were representatives from the European Commission, the International Monetary Fund, and the European Central Bank, as well as Greek Finance Minister Yannis Stournaras. After several hours of meetings Sunday, the group will continue with negotiations throughout the week. On the table is Greek economic progress and the effectiveness of austerity measures, possibly unlocking an additional 1 billion euros’ worth of aid on an immediate basis.
Stournaras emerged from the first meeting optimistic, with rumors indicating that the group was close to coming to a consensus on Greek economic data that would indicate a primary budget surplus in 2013 as well as positively revised growth forecasts for 2014, according to Reuters. Meaning that Greece would be in the black if not for debt repayment, this represents a significant step in turning around Greek finances as well as a major benchmark in lending agreements.