BERLIN — A leading member of the international team assessing heavily indebted Greece's progress says the government must undertake even deeper reforms to receive the next batch of its bailout.
German newspaper Welt am Sonntag on Saturday quoted Poul Mathias Thomsen, the head of the International Monetary Fund’s delegation in Athens, as saying the adjustment "program won’t work if authorities don’t take the path that requires much tougher structural reforms."
Greece is struggling to meet budget and reform targets to qualify for the next €8 billion ($11 billion) installment of its €110 billion package of international bailout loans to avoid bankruptcy.
European Central Bank, European Commission and IMF experts will conclude their assessment of Greece’s progress later this month.
