Negotiations between government and institutions continue

15 September 2016
40 Views

The talks between the Greek government and it creditors and partners are going along slowly, with a senior player in the economy describing the process so far as “two steps forward and three steps back”.

Nevertheless there is optimism regarding the management of non-performing loans and appointment of bank managements, however progress has not been as great on the privatization front, especially in the energy sector. The appointment of the supervisory board of the new privatization ‘super fund’ has also stalled, as there are objections over the people proposed by the Minister of Finance Euclid Tsakalotos.

The troika will leave Athens on Friday and will return for the second review, after the remaining prior actions have been addressed, which will likely be after the 15th of October. With ESM chief Klaus Regling having clarified that the remaining tranche worth 2.8 billion euros will not be available after the end of October, the government will have to push forward with the remaining actions.

Thursday’s negotiations will primarily focus on financial progress, labor matters and justice reforms.

You may be interested

Schauble: No debt relief for Greece before end of program
POLITICS
shares47 views
POLITICS
shares47 views

Schauble: No debt relief for Greece before end of program

makis - May 22, 2017

The Greek matter was on the agenda of talks between German Finance Minister Wolfgang Scuable and his newly-appointed French counterpart…

ExxonMobil & Total discuss offshore drilling opportunities in Greece
FINANCE
shares54 views
FINANCE
shares54 views

ExxonMobil & Total discuss offshore drilling opportunities in Greece

makis - May 22, 2017

Greece’s energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France’s Total about gas exploration…

Pavlopoulos-Erdogan meeting canceled!
POLITICS
shares52 views
POLITICS
shares52 views

Pavlopoulos-Erdogan meeting canceled!

makis - May 22, 2017

The meeting between the Greek President Prokopis Pavlopoulos and the Turkish President Recep Tayyip Erdogan has been canceled. The meeting…

Leave a Comment

Your email address will not be published.