Negotiations between government and institutions continue

15 September 2016
586 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

Birds are shrinking as the climate warms
GREECE
shares8 views
GREECE
shares8 views

Birds are shrinking as the climate warms

Panos - Dec 10, 2019

Every day in the spring and fall since 1978, scientists and volunteers at Chicago’s Field Museum have gotten up as…

US Senate foreign affairs head says Turkey’s S-400 party is over
DEFENCE
shares11 views
DEFENCE
shares11 views

US Senate foreign affairs head says Turkey’s S-400 party is over

Panos - Dec 10, 2019

U.S. Senator Jim Risch, the chairman of the Senate Foreign Relations Committee, told CNN in an interview that time is…

Medieval nun faked her death for a life of sex, archives reveal
WORLD
shares10 views
WORLD
shares10 views

Medieval nun faked her death for a life of sex, archives reveal

Panos - Dec 10, 2019

Despite pledging herself to a life of chastity, obedience, and devoutness in a 14th-century convent, it wasn’t long before Joan…

Leave a Comment

Your email address will not be published.