Negotiations between government and institutions continue

15 September 2016
78 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

Greeks consume 27% less food, Bank of Greece survey finds
GREECE
shares48 views
GREECE
shares48 views

Greeks consume 27% less food, Bank of Greece survey finds

makis - Jul 20, 2017

Bank of Greece (BoG) study reveals a collapse in Greeks’ net wealth, assets, income and consumption of goods and services.…

Erdogan: Greek Cypriot ‘intransigency’ to blame for talks failure
WORLD
shares54 views
WORLD
shares54 views

Erdogan: Greek Cypriot ‘intransigency’ to blame for talks failure

makis - Jul 20, 2017

Turkish President Tayyip Erdogan has blamed “Greek Cypriot intransigence” for the collapse of peace negotiations at the Swiss resort of…

The collapse of Cyprus reunification talks: Imposition of sanctions against Turkey is long overdue
GREECE
shares36 views
GREECE
shares36 views

The collapse of Cyprus reunification talks: Imposition of sanctions against Turkey is long overdue

makis - Jul 20, 2017

By Constantine Tzanos, Contributor Nuclear engineer, PhD* July 7, 2017, marked the failure of another effort to solve the over…

Leave a Comment

Your email address will not be published.