News broke in Athens this morning to the effect that the European Commission’s Greek fiscal task force, under the leadership of Horst Reichenbach, is to make its set-up in Athens permanent.
Well now, that didn’t take long did it?
Reichenbach’s team size is to be quadrupled from 10 to 40 officials responsible for monitoring the implementation of reforms that Greece has pledged to its Troika creditors. The European Commission’s task force leader and his team are to set up office in the Regulatory Authority for Energy (RAE) building in the central Athens district of Gazi this week. Reichenbach is currently seeking out a location for permanent offices. Greek newspaper Kathimerini has been told by sources in the existing set-up that Greek employees at the regulatory authority are extremely angry, and ‘reluctant to share space with representatives of the country’s foreign creditors’. Continue reading