EWG to focus on Athens’ implementation of ‘prior actions’; Greek side confident of next bailout tranche

29 September 2016
798 Views

The EuroWorking Group will directly focus on Athens’ recent progress to implement 15 “prior actions” demanded by institutional creditors, during a meeting in the Belgian capital later on Thursday.

Implementing the “prior actions” is viewed as a necessary condition for freeing up a 2.8-billion-euro sub-tranche of bailout loans to the Greek state, money left over from the first tranche allocated in the spring.

According to naftemporiki, the latest reports, no decisions will be taken at Thursday’s meeting, despite the significant progress shown by the Greek side this month, especially Parliament ratification of a bill that included many of the measures, which occurred this week.

On his part, Greek FinMin Euclid Tsakalotos, speaking in Luxembourg on Wednesday, said three “prior actions” remain to be implemented, ones not included in the passed omnibus legislation. He promised that the pending issues will close over the next few days, including a restructuring of the Civil Aviation Authority in the country and a liberalization of the entire aviation framework.

Tsakalotos also said the Greek side is certain that all pending issues will be resolved before an Oct. 10 Eurogroup meeting, although Athens must
accelerate its legislative initiatives ahead of next week’s IIMF summit in Washington, given that most European finance ministers and top Eurozone officials will attend the event.

You may be interested

Accidental experiment solves Century-old Chemistry problem
WORLD
shares30 views
WORLD
shares30 views

Accidental experiment solves Century-old Chemistry problem

Panos - Feb 24, 2021

Researchers in Uppsala, Sweden accidentally left a chemistry experiment running over a long weekend. When they returned to the lab,…

ABTA: Greece among the five most popular destinations for 2021
GREECE
shares32 views
GREECE
shares32 views

ABTA: Greece among the five most popular destinations for 2021

Panos - Feb 24, 2021

Greece is among the top 5 most popular destinations for holidaymakers, according to booking trends by Travel Association ABTA. Travel Association…

Dreamy sunset in Mykonos Island in Greece (video)
GREECE
shares34 views
GREECE
shares34 views

Dreamy sunset in Mykonos Island in Greece (video)

Panos - Feb 24, 2021

Magic hour during sunset and dusk at Little Venice in Mykonos island, one of the most romantic places in the Mediterranean and…

Leave a Comment

Your email address will not be published.