Greece to Present Debt Inspectors 'Alarming' Data
ATHENS, Greece (AP) — A spokesman for Greece’s new government says it will present “alarming” data on its recession and unemployment to international debt inspectors this week, in a bid to renegotiate the terms of its bailout agreements.
Spokesman Simos Kedikoglou said in a television interview Tuesday that the data would demonstrate that the current austerity program was counterproductive. He did not elaborate.
Debt inspectors from the European Commission, the European Central Bank and the International Monetary Fund are due in Athens Wednesday.
Greece is relying on rescue loans from its partners in the eurozone and the IMF to avoid bankruptcy. It is in a fifth year of recession, with unemployment topping 22 percent, roughly double the eurozone average.
Posted by Randa Wagner
on Jul 3 2012.
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