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Greece: Troika inspectors take two-week timeout, latest reforms unresolved

By: The Associated Press

Wednesday, Mar. 13, 2013 at 4:10 PM | Comments: 0

International Monetary Fund (IMF) mission chief Poul Thomsen arrives for a meeting with Greece's Prime Minister Antonis Samaras at Maximos mansion in Athens, Wednesday, March 13, 2013. Greece is due to receive its next bailout loan installment of euro 2.8 billion ($3.65 billion) later this month, but Finance Ministry officials say deficit-reduction talks have been held up by creditors' demands for faster implementation of programs for public sector staff cuts and tax arrears payments.(AP Photo/Thanassis Stavrakis)

ATHENS, Greece - Greece's finance minister says rescue lenders will send inspectors back to Athens in about two weeks after both sides failed to finalize a new round of deficit reduction measures.

Yannis Stournaras said the inspectors from the European Union, European Central Bank and International Monetary Fund — known as the troika — would return in late March or early April.

The troika officials held a three-hour meeting Wednesday with Stournaras and conservative Prime Minister Antonis Samaras. The two sides remain at odds over the speed of state job cuts and plans to address mounting tax payment arrears.

It was unclear whether the talks' extension would affect the timing of the next loan installment, due this month and worth €2.8 billion ($3.63 billion).

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