13 May 2012, 02:27

Troika of moneylenders may alter Greece’s bailout program

Troika of moneylenders may alter Greece’s bailout program

EU, European Central Bank and the IMF are ready to introduce changes to the already agreed financial bailout program for Greece, reports Bloomberg business news. The "troika" may postpone for a year - from 2014 until the end of 2015 - the date for the next state budget deficit reduction in Greece, as well as further restructure loans granted to Athens.

EU, European Central Bank and the IMF are ready to introduce changes to the already agreed financial bailout program for Greece, reports Bloomberg business news. The "troika" may postpone for a year - from 2014 until the end of 2015 - the date for the next state budget deficit reduction in Greece, as well as further restructure loans granted to Athens.

The international moneylenders will take this step if Greek political forces are finally able to form a "pro-European government.”

On Sunday, the country’s President Karolos Papoulias will convene with leaders of three parliamentary parties who received the most votes in elections, in a last-ditch attempt to form a unity government. Up until now none of the parties has been able to do so.

TASS

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