Greece`s next troika audit to be held in Paris: Reports

Greece`s next scheduled audit by its EU-IMF creditors will be held in Paris instead of Athens, Greek media reported on Monday.

Paris: Greece`s next scheduled audit by its EU-IMF creditors will be held in Paris instead of Athens, Greek media reported on Monday.

Citing IMF sources, Mega TV said the talks would be held on September 3-5.

Financial website euro2day added that the Greek ministers of finance, development and administrative reform would travel to the French capital to meet senior representatives from the so-called troika of international lenders: the European Union, the European Central Band and the International Monetary Fund.
Greece`s finance ministry could not immediately comment on the reports.

If the audit is concluded successfully, it will enable Greece to draw a tranche of 1.0 billion euros ($1.3 billion) from its EU-IMF bailout.

Athens is also hoping that in October, EU finance ministers will approve measures to make its huge debt more sustainable.

Europe`s statistics agency Eurostat estimates Greece`s debt in 2013 exceeded 318 billion euros, or
175.1 percent of economic output, from 304 billion, or 157.2 percent, a year earlier.

The crisis-hit country has so far drawn two EU-IMF bailouts worth 240 billion since 2010.
Greek Prime Minister Antonis Samaras has repeatedly insisted that his country will exit a six-year recession this year, and does not intend to request another loan lifeline.

Samaras told German business daily Handelsblatt last month debt alleviation could take the form of lower interest rates, longer loan maturities, additional years of no repayment, or a combination.

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