Get on with reforms, Greek PM tells ministers

AP News
Posted: Sep 18, 2017 7:56 AM

ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras is urging ministers to get on with reforms demanded by creditors so the country can exit its bailout program in 10 months.

Tsipras told his cabinet Monday in televised remarks that the country was on course to outperform budget targets set by creditors for the second year running. He said Greece's surplus, before debt servicing costs are taken into account, will be higher than the 1.75 percent of annual GDP demanded.

Bailout inspectors are currently in Athens but negotiations on the next batch of loans are not expected to start until November. Conditions for future disbursements include the continued reorganization of public sector personnel and further deregulation of the state-dominated energy utility.

The previous bailout review was delayed by more than six months.