Government gears up to conclude fourth post-bailout review

13 November 2019
74 Views

The Greek government is attempting to wrap up the prior actions required in the context of the fourth post-bailout review of the country’s economy by its international creditors.

According to sources, the reform of the energy market is currently a top priority of the Mitsotakis administration, as Athens hopes for a positive report on the Greek economy by the European Commission on 20 November.

Moreover, the Greek side is working on the details of the so called “Hercules” plan to reduce “bad debt” held by the country’s four systemic banks. The scheme is not part of the prior actions agreed with creditors, nevertheless, it is considered pivotal to sustaining economic recovery.

Finance Minister Christos Staikouras expressed optimism last week that the fourth review will be concluded successfully, within the expected time-frame.

You may be interested

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey
POLITICS
shares16 views
POLITICS
shares16 views

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey

makis - Dec 13, 2019

The European Union leaders expressed their full support to Greece and Cyprus over the dispute with Turkey in relation to…

How A.I. could help find Alien planets & asteroids
WORLD
shares36 views
WORLD
shares36 views

How A.I. could help find Alien planets & asteroids

Panos - Dec 13, 2019

Artificial intelligence could aid in the search for life on alien planets and detection of nearby asteroids, according to NASA…

US Senate approves Armenian Genocide recognition with 405-11 votes
GREECE
shares34 views
GREECE
shares34 views

US Senate approves Armenian Genocide recognition with 405-11 votes

Panos - Dec 13, 2019

The US Senate officially recognized the Armenian Genocide on Thursday, in a move that runs counter to the wishes of…

Leave a Comment

Your email address will not be published.