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Troika back in Greece as debt deadline approaches

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Troika back in Greece as debt deadline approaches


European Commission, International Monetary Fund and European Central Bank inspectors have arrived in Greece to try to reach agreement on a second rescue loan and avoid a messy Greek default.

The meeting of the so-called ‘troika’ with the Greek finance minister adds to the pressure on the government, which is trying to reach a deal with private creditors on writing down the country’s debt.

Greece needs an agreement in order to receive the next rescue package. Reports say the two sides are inching towards a deal.

But time is short. Failure to agree soon could put Athens at risk of a default in March, shaking the world’s economy once more.

Ordinary Greeks can be forgiven for getting weary with talk of rescue plans when all they see are cuts and closures.

In one Athens shopping centre, the sign on the wall of a recently-closed store reads: “Stop saving us”.

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