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IMF, EU, ECB in Greece to review implementation of austerity plan

07-27-2010 08:53 BJT

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Officials from the International Monetary Fund, the European Union and the European Central Bank have gathered in Greece, to review how the country has been implementing its austerity plan.

They will be in Athens until August 6th to conduct the review. Conclusions will be vital in determining whether the country can receive its second loan installment in September or not.

The 3 organisations previously gave the debt-ridden country good remarks, saying it seemed on track with its austerity plan. But in an interim report based on a June visit, the IMF pointed to a couple of problems, including hospital spending and social security funds.

Editor:Xiong Qu |Source: CNTV.CN

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