Negotiations between government and institutions continue

15 September 2016
284 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

Merkel: I hope we take final step with Greek programme on Thursday
POLITICS
shares39 views
POLITICS
shares39 views

Merkel: I hope we take final step with Greek programme on Thursday

makis - Jun 19, 2018

German Chancellor, Angela Merkel expressed hope that the Eurogroup meeting on Thursday would be the last step for the Greek…

Mykonos! The island where some bread slices cost 28 euros!
GREECE
shares35 views
GREECE
shares35 views

Mykonos! The island where some bread slices cost 28 euros!

makis - Jun 19, 2018

A Spanish bakery claims to sell the world’s most expensive bread in the world at €106 a loaf. OK, that…

U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinas
GREECE
shares43 views
GREECE
shares43 views

U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinas

makis - Jun 19, 2018

The U.S Embassy in Athens issued a press release condemning the granting of a 48-hour furlough to November 17th convicted…

Leave a Comment

Your email address will not be published.