Greece, creditors agree on composition of privatization fund board
Greek officials and representatives of the country’s international creditors appear to have agreed on the composition of a new privatization fund, one of a series of conditions for the disbursement of the next loan tranche worth 2.8 billion euros.
According to sources, the creditors have accepted the three Greek officials that Athens has proposed for the 5-member committee, a former adviser to Prime Minister Alexis Tsipras, an academic and a banking adviser.
The creditors, for their part, have proposed Jacques le Pape — former right-hand man of Christine Lagarde during her stint at the French Finance Ministry – to head the fund along with a Spanish official for the second foreign position.
Tsipras was to chair a cabinet meeting on Monday to determine the government’s progress in fulfilling 15 prior actions. MPs are to vote in Parliament on Tuesday on some of those actions. The remaining actions, including the appointment of officials to the privatization fund’s supervisory board, are to be completed in the coming days.
The government’s aim is to be finished by Thursday’s Euro Working Group so that officials can sign off on the 2.8 billion euros by the October 10 Eurogroup.
You may be interested
New York Times: Greece not out of the woods with new 5-year-bondmakis - Jul 25, 2017
Greece, long Europe’s economic problem child, is trying to prove that it has made progress in its recovery efforts by…
Greek PM wears national basketball team jerseymakis - Jul 25, 2017
The Greek national U20 men’s basketball team who were crowned European Champions on Sunday were received by PM Alexis Tsipras…
Turkish-Cypriot side could allow 20,000 refugees to returnmakis - Jul 25, 2017
Up to 20,000 refugees from the fenced city of Varosha, and three Maronite villages in Famagusta, may be allowed to…