Greece faces tough EU/IMF talks, fiscal slip -source

Greece risks missing its 2011 fiscal targets and can expect tough discussions with senior EU, IMF and ECB inspectors next week on its bailout programme, a source close to the inspectors said on Friday.

EU and IMF mission chiefs for Greece will be in Athens on Monday for an inspection visit that will determine whether the debt-choked country will receive a sixth aid tranche from its international lenders to avoid bankruptcy.

"There is a risk concerning the targets, which the Greeks say is due to the recession. We have some doubts whether it's entirely due to the recession," the official told Reuters.

"Not meeting the targets will trigger very difficult negotiations," the official said. "It will not be easy next week."

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- Posted: 2011-08-26 11:18:00

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