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ATHENS, Sept. 20 (Xinhua) -- The Greek government confirmed Tuesday evening of "satisfactory progress" made in the second conference call between Greek Finance Minister Evangelos Venizelos and EU/IMF creditors over the next steps to address the Greek debt crisis. "The talks will continue this coming weekend in Washington D. C. where Venizelos is going to attend the annual meeting of the International Monetary Fund," said a statement from Greek Ministry of Finance. The heads of the Troika (the European Commission, the International Monetary Fund and the European Central Bank) are expected to meet in Athens in the beginning of next week, the press release added. The first conference call with between Venizelos and the heads of the Troika was held Monday evening. Top on the agenda of the two conferences was supplementary austerity measures which were regarded as a fundamental condition for the debt-ridden country to secure further foreign funding this autumn to avoid a destructive default. Greece narrowly escaped default in May 2010 when it received a multi-billion euro EU/IMF bailout package pledging a three-year plan to exit a debt crisis that has triggered fears of contagion risk across the euro zone and the global economy. However, due to delays in timetables, Greece has been under mounting pressure to accelerate efforts to secure the sixth tranche of aid. Without the 8 billion euros (11 billion U.S. dollars) of the fresh tranche of loans, Athens could run out of cash by mid- October. The resumption of a regular audit of Greek finances indicated that an agreement has been reached between the two sides on the additional austerity and reform policies to be implemented, so that the debt-ridden country will receive further aid by foreign lenders, local analysts commented. A Greek cabinet meeting is scheduled for Wednesday noon and an announcement of the fresh set of measures may follow.Greece reports satisfactory progress in teleconference with creditors - Turbo Actuator Manufacturer The e-commerce company in China offers quality products such as Turbo Actuator Manufacturer , Compressor housing, and more. For more , please visit Repair kits today!
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