Another Meeting with Troika on Tuesday

troika22The meeting between the Greek Minister of Finance and the heads of Troika ended at around 3pm today with no final agreement. Reportedly, during the meeting all open issues were discussed, making it last for more than three hours.

Originally, the meeting had been scheduled Friday afternoon, but Troika requested two more days in order to collect additional data from the General Accounting Office and the Ministry of Labor, concerning the budget and the level of the primary surplus.

According to sources, the lenders’ representatives focus on the tax system and the “holes” in pension funds. The Greek Ministry of Finance has not ruled out the possibility of new measures for 2014, but they were estimated between 500 to 700 million Euros (instead of 2 to 2.5 billion allegedly requested by the Troika). The Ministry also said that they will under no circumstances accept additional measures concerning salaries, pensions and taxes.

However, apart from the new measures for 2014, the Troika has set a wide range of requirements, such as the release of auctions and commercial rents, the implementation of the program without exceptions for redundancy and availability, acceleration of privatization; the interventions in closed professions and markets; and closure of the defense industries of the country, etc.

The troika will inform the Eurogroup on November 14, about the discussions with the Greek government, and a week later, on November 21, the final draft of the country’s budget will be submitted to the Parliament.


  • TediUSA

    Greece apparently has no intention to reform ,their only goal seem to be keep spending other countries money . Any further bailout money should be halted immediately as it is obviously pointless to keep throwing money at that corrupt country.I think the Troika will logically conclude that it is time to let them go this time around.

  • strongmenabc

    The TROIKA will give them the money 100%. A little drama is being created with of course “disagreements.”. This is staged drama. You expect Greece to get the money like that. This is a show for us the little people to believe otherwise. Greece will get the money. This is theater and drama………if they had b…a…l…l…s. they would say NO to anymore money and goodbye. Ain’t happening l

  • TediUSA

    True.

  • TediUSA

    True.The Troika seem to have an agreement with Greece to play the same pattern every time for the sake of the disgruntled German taxpayers.Greece will get every euro it ask for because otherwise the whole corrupt rotten to the core EU edifice will crumble down by the effect of the chain reaction/busted EU banks/.The Greeks have the best card to play and they play it masterfully at their advantage.They know that the EU has no choice but cough up the cash nevertheless. That’s why for 4 years Greece did not bother with a single reform that was requested from them in return for 2 international bailouts.Now the Greek government effectively declared that they don’t bother to pretend that they will implement any from now on.Wow!

  • strongmenabc

    Greece will be back in 20 years. 2033. God help everyone !

  • HolyDollar

    Why corrupt ?
    Are they more corrupt than any other country
    The problem Tedi is that the capitalist system requires money to be moved
    Its a commodity and it is traded and controlled for example USA just prints money, China sets the value for its currency, Germany needs countries like Greece to ensure the Euro stays weak making their goods cheaper .
    The whole system needs to keep certain countries down this creates opportunities to acquire cheap assets.
    The days of nations ruling is well and truly over corporations control our world and individuals are expendable today its Greece tomorrow who knows
    So before you point the finger ask yourself can this happen to me

  • strongmenabc

    You make somewhat of a valid point. In USA corporations and big oil companies control our country and the American government. Special interest groups that have control over politicians because of big money. “Are they more corrupt than any other country?” Excellent question. YES they are! Every country in the world is corrupt. The USA is and many other European countries. On a scale of 1 to 10 (10 being the most corrupt) If America is 4 and Italy, Spain is 6 you know what Greece is? TEN. 10. The MOST CORRUPT! This figure didn’t come out of my thought. It is a stated fact. Look it up. Political corruption is a big reason Greece has been destroyed. Believe me……………….