Most likely in early November.
No surprise.
- Inspectors say decisive implementation of austerity measures should be enough to meet 2012 deficit target
- Recession will be deeper than anticipated in June and recovery is expected only from 2013
- Greece will miss 2011 target (who would have thunk it?)
- Additional measures likely to be needed to meet 2013-2014 targets
- Progress on reform has been uneven
- Privatisation revenues to be significantly lower than expected in 2011
- Essential that Greek authorities put more emphasis on structural reforms
- Success of Greek programm depends on mobilising financing from PSI and official sector