Greece to be examined by International Monetary Fund and European Central Bank

Greece would be examined by the International Monetary Fund and the European Central Bank together with European Commission in order to have a track on the measures taken to improve economic conditions of the country. The finance minister of Greece stated that the country has received a Euro 110 Billion package from IMF for betterment of the current scenario.

There are suppositions that the officials stay from various authority agencies will recommend the loss making functionalities turn private. Greece railway system is stated to be losing Euro 2.5 Billion daily. The government is taking hefty measures to increase liquidity within by increasing the Value Added Tax and even diminishing salaries of civil servants.