Bill containing 15 ‘prior actions’ demanded by creditors expected by end of Sept.

30 August 2016
24 Views

A bill containing all 15 “prior actions” demanded by creditors ahead of a conclusion of the second review of the Greek program (third bailout) as well as its ratification is expected by the end of September.

At stake, besides a continuing normalization of a still recession-plagued Greek economy, is disbursement of a bailout loan sub-tranche of 2.8 billion euros. Of the figure, 1.7 billion euros are expected to cover the state’s arrears towards the private sector, something that is expected for early October, assuming that all goes according to the government’s plan.

In terms of the all-important debt relief front, on which the embattled leftist Greek government has based much of its remaining political capital, nary a change was observed on the part of European creditors, which have repeatedly been lukewarm to any such prospect, as opposed to the IMF.

According to reports, EU Commissioner Pierre Moscovici’s side reiterated that the second review of the Greek program must first be completed before any talk on debt relief, a period that points to November. Whatever specific measures would probably include Greece’s inclusion in the ECB’s quantitative easing program.

In a later statement out of Athens, government sources circulated that the issue of the former statistical bureau head, Andreas Georgiou, was not discussed in the meeting between Moscovici and three top Greek ministers.

Nevertheless, EU Commissioner Margaritis Schinas later announced that the issue of the ex-EL.STAT director’s prosecution in Greece will be discussed at the upcoming Eurogroup meeting on Sept. 9.

You may be interested

Tsakalotos to Spiegel: Schaeuble does not want Greece’s default
FINANCE
shares29 views
FINANCE
shares29 views

Tsakalotos to Spiegel: Schaeuble does not want Greece’s default

Panos - May 30, 2017

Finance Minister Euclid Tsakalotos in statements to German newspaper Spiegel on Tuesday expressed optimism that an agreement including the debt…

Tsakalotos: Looking for good, not perfect solution at coming Eurogroup
FINANCE
shares31 views
FINANCE
shares31 views

Tsakalotos: Looking for good, not perfect solution at coming Eurogroup

Panos - May 30, 2017

The Greek side on Monday appeared to lower its oft-repeated expectations of an agreement with creditors at the coming Eurogroup…

Sex, masks and cloaks! Police bust “Eyes Wide Shut” swingers club in Piraeus!
GREECE
shares25 views
GREECE
shares25 views

Sex, masks and cloaks! Police bust “Eyes Wide Shut” swingers club in Piraeus!

Panos - May 30, 2017

Greek police arrested 4 people during a raid on a night club in Piraeus after discovering the business was actually…

Leave a Comment

Your email address will not be published.