MOSCOW, November 24 (Sputnik), Ekaterina Blinova — Greek officials are preparing for the meeting with its troika of international inspectors in Paris on Tuesday, November 25, in order to discuss a bailout review issue.
Talks between Greece and representatives from the European Commission, the International Monetary Fund and the European Central Bank stalled in late October, "hamstringing Greece's hopes of negotiating an exit to its current bailout program by the end of the year," the Wall Street Journal notes. Citing Greece's steady economic growth, the government intends to leave the bailout program and "scale back the degree of control international authorities exercise" by the end of 2014, the media outlet stresses.
Last week Greece submitted to Parliament its budget, without the approval of international debt inspectors, the Associated Press underscores, adding that lenders consider Greece's economic development and low deficit predictions "too rosy."
"The troika sees the government’s budget deficit next year at closer to 3% of GDP and has asked Greece to make somewhere between €1.8 billion [$2.23 billion] and €3.5 billion [$4.34 billion] in additional cutbacks for 2015," the Wall Street Journal emphasizes.
According to Reuters, in order to exit its EU/IMF bailout program, the country should "wrap up the current bailout review" as soon as December 8, 2014. However, the possibility that Greece may miss the deadline has already caused national concern.
