EU, ECB, IMF representatives arrive in Athens

A team of experts from the European Commission (EC), the European Central Bank (ECB) and the IMF arrives in Athens on Monday (July 26th) to evaluate implementation of the country’s anti-crisis measures. In May, Greece received the first 20 billion-euro tranche of a 110 billion-euro aid package from the eurozone member-states and the IMF, in exchange for severe cost-cutting measures, ramped up tax collection and social security reform.

During their two-week mission, the experts are expected to focus on how the budget was implemented during the first half of this year, as well as on the pension and labour reform that parliament approved earlier this month. Their conclusions will determine whether Greece is ready to receive another 9 billion euros in aid.

In other news Monday, truck drivers launched a strike against government plans to introduce new licenses in the sector. The strike could potentially cause food and fuel shortages, depending on its length.

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