Greece’s institutional creditors are reportedly dissecting on the latest measures taken by the leftist Greek government to eliminate the last two remaining “prior actions”, demanded by the former, and ahead of Monday’s Eurogroup meeting in Luxembourg.
By N. Bellos
Greece’s institutional creditors are reportedly dissecting on the latest measures taken by the leftist Greek government to eliminate the last two remaining “prior actions”, demanded by the former, and ahead of Monday’s Eurogroup meeting in Luxembourg.
In response to press queries on Friday, a EU Commission spokeswoman said that after this week’s “significant” progress, representatives of Greece’s institutional creditors – Commission, ECB, ESM and the IMF – were pouring over measures in order to ascertain whether they fulfilled the two prior actions.
The last two items pending were: a revised framework for Greece’s Civil Aviation Authority, essentially taking away the latter’s air transport provider status, and, legal changes governing the Special Duty of Greenhouse Gas Emissions Reduction (ETMEAR) and the recyclable energy sector.
The spokeswoman again reiterated that a decision to free-up a 2.8-billion-euro sub-tranche in bailout loans will be taken by the ESM and at the Eurogroup session on Oct. 10. Moreover, 1.7 billion euros of the 2.8 billion euros must be funneled towards paying off the Greek state’s arrears to private sector contractors and suppliers.