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International Creditors Review Progress on Greek Bailout Reforms
Published in Saudi Press Agency on 21 - 10 - 2015

Greece's international creditors began reviewing Wednesday the progress made by Athens in implementing reforms promised to secure another tranche of bailout money for the debt-stricken country, dpa reported.
Representatives from the European Commission, the European Central Bank, the International Monetary Fund and the eurozone's bailout fund met Wednesday morning with Finance Minister Euklid Tsakalotos, the Finance Ministry said.
Athens has already implemented 30 percent of the reforms demanded by the lenders in return for emergency aid, according to reports in the Greek media.
The institutions' representatives are to stay in Athens until Friday.
Athens has been ordered to push another set of reform measures through parliament in November, including the abolishment of tax breaks for farmers.
Workers have organized counter-protests, and Greece's two biggest unions have agreed to strike on November 12 in response to the cuts.
The eurozone lenders agreed an 86-billion-euro (98-billion-dollar) bailout deal with Athens in the summer, with an initial 13 billion euros having been made available to Athens in August.
The creditors have yet to give the go-ahead for the next 2-billion-euro installment.
European Commission Vice President Valdis Dombrovskis said on Wednesday that the tranche is likely to be paid out next week.
"Things are more or less on track," he said in an interview with European news agencies in Brussels.
-- SPA
00:24 LOCAL TIME 21:24 GMT
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