“N” published on Saturday a list of the 15 “prior actions” that the Greek government must implement before the last of two loan tranches – the second being 2.8 billion euros -- are disbursed into Greek coffers ahead of a September deadline.
The list was reportedly part of an agreement signed last week between Athens and its institutional creditors (Commission, ECB, ESM, IMF)
The “15” are:
- Elimination of the lowest social security contribution rate for businesses running lodgings
- Elimination of the lowest contribution rates, all categories, in the health care sector
- A revision, downwards, of a discount for retroactively contributing social security payments during so-called “notional periods”, i.e. during military conscription for males.
- Restructuring of systemic Greek banks’ board of directors by an independent consultant.
- A liberalization in the domestic natural gas market
- A change in legislation governing the Special Duty of Greenhouse Gas Emissions Reduction (ETMEAR) and changes in the regime for the renewable energy fund
- Selling off a 20-percent stake in the power transmission operator (ADMHE) to a strategic investor by July
- Authorization via a Public Power Corp. general assembly of shareholders for changes in the management of price rates
- Candidates for a regulatory board overseeing a new privatization fund must be finalized in June .The new entity will then be tasked with selecting the new fund’s board of directors.
- A group of state-run utilities will then be transferred to new privatization fund, in cooperation with institutional creditors.
- Approval by Parliament of the agreement for the Helleniko site in June 2013
- New legislation governing the Civil Aviation Authority
- The current privatization fund (TAIPED) will begin the process of granting a 35-year concession for the Egnatia motorway and the tollway’s three north-south axes.
- Allocating resources (for new hirings, among others) for the proper operation of an independent revenue authority
- Selection of a board of director for the independent revenue authority
