ML-Implode News - Ticking off by Troika heightens fears of Greek exit from euro

Financial market fears over a possible Greek exit from the single currency were fanned on Tuesday by a gloomy assessment of the country's economic plight from international debt inspectors and evidence of a growing rift between Athens and Berlin.
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Arriving in Athens for talks with the coalition government, one official was quoted as saying: "Greece is hugely off track. The debt-sustainability analysis will be pretty terrible."

Another official pointed to the latest growth estimates from Athens, which show the economy contracting by 7% this year rather than the 5% previously forecast, meaning that the debt burden is only increasing in relation to GDP.

"Nothing has been done in Greece for the past three or four months," said the official, referring to the delays caused by the two elections held since May.

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Ticking off by Troika heightens fears of Greek exit from euro