“In the nick of time” for the release of the 2,8 billion Euros

30 September 2016
210 Views

The EuroWorking Group has directly focused 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. No decisions have been taken at Thursday’s meeting, despite the Parliament’s ratification of a bill that included many of the measures, which occurred this week.

On his part, Greek Finance Minister Euclid Tsakalotos 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. The two prior actions that are left for the Governmenent to complete until the end of next week are the changes in the Political Aviation Bureau and the abolishion of the fee for the Renewable Energy Sources that must be voted in the first week of October.

You may be interested

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region
GREECE
shares42 views
GREECE
shares42 views

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region

makis - Apr 20, 2018

Greece can act as a stabilizing force for good in the wider region and the stronger Greece is, the better…

Kotzias – Dimitrov to meet again on April 25, in Vienna
POLITICS
shares41 views
POLITICS
shares41 views

Kotzias – Dimitrov to meet again on April 25, in Vienna

makis - Apr 20, 2018

According to the FYROM government spokesman, Mile Bosnjakovski who spoke on Friday, there will be a new meeting between the…

Alexandros Stamatiadis dies in hospital
GREECE
shares66 views
GREECE
shares66 views

Alexandros Stamatiadis dies in hospital

makis - Apr 20, 2018

Greek businessman Alexandros Stamatiadis has died after being hospitalised in critical condition for 18 days. The businessman, 52, was shot…

Leave a Comment

Your email address will not be published.