Two Greek program ‘prior actions’ on Eurogroup agenda on Mon.

12 March 2018
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Eurozone finance ministers will be briefed on Monday at the Eurogroup setting over Athens’ fulfillment of two remaining “prior actions” linked with the third review of the ongoing bailout, the third and last adjustment program expected to be extended by institutional creditors.

Implementing the “prior actions”, namely, commencing universal electronic auctions of foreclosed real estate around the country and jump-starting the Helleniko privatization, previously held up the disbursement of a fourth bailout tranche of the current program.

According to reports, EU and Eurozone officials in Brussels are satisfied with the first contacts that creditors’ top auditors had in Athens last week, as part of negotiations for the fourth review of the bailout. The goal is to quickly conclude the fourth review, which will open the way for significant decisions on the country’s economic and fiscal future after the end of the third bailout, in August 2018.

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