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IMF officials due in Athens to review reforms

IMF officials due in Athens to review reforms

Greek Finance Ministry officials say two delegations from the International Monetary Fund are due in Athens Wednesday to inspect the progress of austerity cuts and an overhaul of the tax system.
The IMF experts are expected to stay for about two weeks and will meet this week with Finance Minister George Papaconstantinou.
It is the first inspection since an agreement last month which would provide Athens IMF support combined with bilateral loans from other eurozone countries if Greece risks default.
Despite the deal, debt-plagued Greece remains under strong pressure from high borrowing costs, with the spread between Greek 10-year bonds and equivalent German issues at 364 basis points Tuesday.


Updated : 2021-02-26 03:33 GMT+08:00