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ATHENS – Greece is going to ask its international lenders for more time to finish some 600 unfinished reforms which are blocking the release of a billion-euro installment.

Envoys from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) are due back in September to check the country’s books.

But an unnamed government official told Kathimerini that Greece won’t be ready and will appeal for more time to finish work that has gone undone for four years.

Finance Minister Gikas Hardouvelis will deliver the message when Greek officials meet with the Troika in Paris earlier in September. The meeting was moved from Athens because Prime Minister Antonis Samaras said he feared social unrest if the lenders were back in Athens.

“Due to our own inconsistency and the delays of previous years, the Troika has ended up micromanaging,” the Finance Ministry source said, blaming the lenders for Greece not doing its work on time. “There are details about all kinds of government policy in the memorandum. There is no way all this can be ready on time.”


The post Greece Can’t Finish Troika Reforms appeared first on The National Herald.

Source: The National Herald
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