European Union and International Monetary Fund officials todaycomplete a review of Greece's plan for 78 billion euros ($113billion) in asset sales and austerity measures as they prepare thenation's second bailout in little more than a year.
The assessment caps a week when Greece's fiscal crisis worsenedenough for Moody's Investors Service to raise the probability of adefault to 50 percent. Greek Prime Minister George Papandreou willdiscuss the findings at 3 p.m. on a visit to his Luxembourgcounterpart, Jean-Claude Juncker, who leads the group of euro-areafinance ministers.
“The medium-term plan is largely completed and some technicaldetails remain,” George Petalotis, Papandreou's spokesman, saidyesterday. “There were no major hiccups.”
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