Greece - Troika deadlock over banking sector
The Greek government and its bailout lenders, the Troika, are locked in a new standoff over the health of Greece's banking sector, according to the Financial Times.
- Published in Greece
The Greek government and its bailout lenders, the Troika, are locked in a new standoff over the health of Greece's banking sector, according to the Financial Times.
In an article published in Sunday's To Vima newspaper, the governor of the BoG notes that adjustment processes have not been completed, adding that fiscal policy should remain on targets set.
A study by the Bank of Greece (BoG) reveals that successive increases in indirect taxes and VAT (value added tax) during the three years of memorandum implementation have been fueling inflation.