EU/IMF says outlook for Greek bailout program uncertain
BRUSSELS (Reuters) - The outlook for Greece's bailout program remains uncertain, with differences still to be worked out between the Greek government and its creditors, the European Union and International Monetary Fun said on Monday.
"While important progress continues to be made, policy implementation is behind in some areas," the so-called "troika" of creditors said in an update on Greece's bailout program, which will be discussed later by euro zone finance ministers.
"The authorities have committed to take corrective actions to ensure delivery of the fiscal targets for 2013-14 and achieve primary balance this year," it said, but added:
"The mission and the authorities agreed that the macroeconomic outlook remains broadly in line with program projections, with prospects for a gradual return to growth in 2014. The outlook remains uncertain, however."
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Suspect in Pennsylvania police ambush captured after seven-week manhunt
- Japan shares soar, yen skids after BOJ stuns with more easing steps
- Oil price declines have small-cap shale investors scrambling
- China says nets 180 graft suspects in overseas manhunt