July 26, 2010
Visiting delegation to investigate future of €110 billion bailout
Wall Street Journal details the situation in Athens with IMF and eurozone officials now on the ground looking at conditions and the future of the €110 billion bailout plan:
"A delegation of European and International Monetary Fund officials began a two-week visit to Greece on Monday to determine whether to continue funding under a €110 billion ($141 billion) loan deal.
The interim review by the European Commission, European Central Bank and IMF officials comes as reforms demanded by this so-called troika were met with protests from air-traffic controllers and truck drivers.
At Athens International Airport, thousands of travelers and dozens of flights were delayed Sunday after air-traffic controllers staged a "work to rule" protest. The controllers are due to decide later today whether to proceed with a strike, a move many fear will hurt Greece's vital summer tourist season.
Meanwhile, on the streets of Athens, motorists formed long lines at local gasoline stations to fill up their tanks, amid fears that an open-ended truckers strike would lead to fuel shortages around the country. "
Greece's Golden Visa program
