Troika drafting new plans for Greek revenue

THE EUROPEAN Commission, European Central Bank and International Monetary Fund, which make up the Troika, are mulling new measures to close the €1bn (£860m) funding gap in Greece.

Representatives from the three organisations have returned to Athens to review the country’s bailout programme before extending the next tranche of funding to the Greek government.

A draft memorandum seen by the Kathimerini newspaper suggests the extension of the current emergency property tax, from five payments to four, in an attempt to raise an extra €400m for the embattled state.

The Troika’s discussions have been suspended for the past two weeks, after the closure of the Greek state broadcaster and delays in the privatisation programmes which the bailout agreement requires. The main Greek healthcare provider is heavily indebted, contributing to the shortfall in revenue.