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Debt inspectors reach agreement with Greece

Athens, Greece's international debt inspectors, the driver receives batch of bailout loans, Greece has cleared a major obstacle to said Monday that they had reached an agreement, the economic reforms in the country, including the launch of thousands of civil servants.
Review from a representative of the International Monetary Fund (IMF), the European Commission and the European Central Bank, known collectively as the "troika", is an ordinary process, Greece received billions of euros in aid in phases, if certain conditions are met part. Since 2010, Greece has been relying on rescue loans.
Overall, Greece has granted EUR 270 billion rescue plan, it gradually accepted. In return, the previous government promised to overhaul the Greek economy and strict spending cuts and tax increases.
The reform has been painful. The country into a deep recession, currently in its sixth year, the unemployment rate has been hovering around 27%.
In a joint statement, the three agencies said that the recent steps taken by Greece March may encounter in the near future. "Therefore, they say, Greece's 16 eurozone partners may soon agreed to release 2.8 billion euros (about 37 billion U.S. dollars), to be from the last month.
The euro zone finance ministers and the IMF board is expected to be considered for examination and approval, in May, "they added.
Representatives of the troika of the IMF's Poul Thomsen said: "Greece has indeed come a long way to go," During the meeting, in the center of Athens to speak on the economy. "Greece's fiscal adjustment measured by any standard, has been special."
Thomson said that if the country continues to implement promised reforms, which will be able to achieve its overall budget targets without imposing any further austerity measures.
The agency is still expected in 2014, Greece will gradually increase, and said it was to help improve wage flexibility, help restore competitiveness.
The review also include the dismissal of civil servants, with the launch for disciplinary cases and proof of incapacity, absenteeism, poor performance, or close or merge government agencies. "
Finance Minister Yannis Stournaras, in the same economic conference in Athens, said: "For thousands of years," the poor performance of public sector workers will be dismissed, the ability of staff will replace them.
The report shows that about 4,000 civil servants this year was fired at the end of the year, 11,000 by the end of 2014.
Stournaras said Greece's main objective is to achieve a primary surplus in the budget did not take into account the interest payments on existing loans - surplus - this year.
 



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