Saturday, May 28, 2011

Papaconstantinou Says Talks Continuing, Targets Not Missed

May 28, 2011

Greek Finance Minister George Papaconstantinou said talks with European Union and International Monetary Fund officials in Athens were still under way, denying reports the team had said Greece has missed its targets.

“The talks are continuing and will wind up in the next few days,” Papaconstantinou said in a phone interview with Greece’s Mega TV channel. “I have every reason to believe they will end positively for our country and that we will receive the fifth tranche.”

Papaconstantinou spoke to Mega after the TV channel reported unnamed IMF sources as saying the country had missed targets in a review under way under the 110 billion-euro ($157 billion) EU-led bailout. Greece is subject to quarterly reviews by a team of officials from the EU, IMF and European Central Bank before each payment of loans under the bailout.


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