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Troika Report On Greece Likely To Be Delayed: Report

8/27/2012 7:27 AM ET

A report on Greece's progress on economic reforms by the European Commission, European Central Bank and the International Monetary Fund or the troika will be delayed until early October, Germany's Rheinische Post reported Monday.

Elsewhere, European Commission spokesman Simon O'Connor reportedly said that the troika will return to Athens in early September to begin the concluding phase of the review programme. It will take a couple of weeks, he said.

O'Connor did not give any precise indications about the exact timing of the report. He said, "It will depend on progress on the ground."

Over the weekend, Germany and France said they would wait till the troika report is released next month to assess the efforts undertaken by the Greek government to meet its fiscal targets.

Greek Prime Minister Samaras has been seeking more time for his country to implement measures aimed at returning to economic growth.

The European leadership is awaiting the troika report on Greece to make a decision on further aid to the country.

by RTT Staff Writer

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