EU/IMF says outlook for Greek bailout program uncertain

BRUSSELS Mon Jul 8, 2013 6:00am EDT

1 of 2. People wait to receive food at a soup kitchen from a group called 'O Allos Anthropos', or 'The Fellow Man', in Athens July 6, 2013.

Credit: Reuters/John Kolesidis

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."

(Reporting by Foo Yun Chee; editing by Luke Baker)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.