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World

Eurozone, Greece Reach Deal on Return of Bailout Inspectors

Jeroen Dijsselbloem, the eurozone's top official, said Monday that they will work with Greek authorities on an additional package of structural reforms by the cash-strapped country

A tourist uses his binoculars as the ancient Acropolis hill is seen in the background during a 24-hour by archaeological guards demanding unpaid wages and the recruitment of additional employees in Athens, photo: AP/Thanassis Stavrakis
3 months ago

BRUSSELS – The eurozone’s 19 finance ministers have agreed that officials from the institutions overseeing Greece’s bailout will return to Athens to discuss in more detail the reforms it must make.

Jeroen Dijsselbloem, the eurozone’s top official, said Monday that they will work with Greek authorities on an additional package of structural reforms by the cash-strapped country.

Agreeing on a package of measures involving the tax system, pensions and labor market will help unfreeze more loans for Greece from its bailout program. Without the money, it faces bankruptcy and a potential exit from the euro this summer.

Dijsselbloem also said there was agreement to shift the focus of the policy mix away from austerity to deep reforms. That has been one of the calls of the International Monetary Fund (IMF).

RAF CASERT
PAN PYLAS

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