ATHENS, Greece (AP) — Greece cleared a key hurdle in its drive to receive its next batch of bailout loans after international debt inspectors said Monday they had reached an agreement over the country's economic reforms, including the firing of thousands of civil servants.
The review by delegates from the International Monetary Fund, European Commission and European Central Bank, known collectively as the troika, is part of a regular process under which Greece receives installments of its multi-billion euro bailout if it meets certain conditions.
The review also covered the dismissal of civil servants, with firings "targeted at disciplinary cases and cases of demonstrated incapacity, absenteeism, and poor performance, or that result from closure or mergers of government entities."
The review by delegates from the International Monetary Fund, European Commission and European Central Bank, known collectively as the troika, is part of a regular process under which Greece receives installments of its multi-billion euro bailout if it meets certain conditions.
The review also covered the dismissal of civil servants, with firings "targeted at disciplinary cases and cases of demonstrated incapacity, absenteeism, and poor performance, or that result from closure or mergers of government entities."
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