Troika auditors finally arrive in Greece

Troika had to postpone its arrival to Athens, ...

Flickr-Tilemahos E

Auditors from the EU, the International Monetary Fund (IMF) and the European Central Bank (ECB), who arrived in Greece on July 24 to report on the implementation of economic reforms and interrupted the visit on August 5, return to the country after the austerity cuts plan has been finalized. 

The visit was initially planned to be extended until the budget plan was ready, which is why Troika had to postpone its arrival in Athens.

"We want to help and we will stay as long as it is needed until your programme is ready," IMF's Poul Thomsen said to Greek Finance Minister Yannis Stournaras during a dinner in late July. 

However, following talks with Greek Finance Minister Yannis Stournaras in early August, a decision was made to adjourn  discussions in order to allow Greece time to adopt necessary measures. 

The auditors of Troika have attempted to help Greece finalize the new budget cut plan, the implementation of which is necessary for the country to receive the next installment of its loan agreement from the eurozone. 

The country's implementation plan of the reforms together with the audit report, which will determine whether Greece will receive the installment worth up to €31.5 billion, is expected to be ready by the beginning of October.