EWG to de­cide on prior ac­tion list

Kathimerini English - - Focus - BY SOTIRIS NIKAS

The list of prior ac­tions that Greece must im­ple­ment in two stages for the dis­burse­ment of bailout tranches adding up to 3 bil­lion eu­ros will be de­ter­mined to­mor­row dur­ing a tele­con­fer­ence of the Euro Work­ing Group of se­nior eu­ro­zone fi­nance min­istry of­fi­cials, ac­cord­ing to sources.

There will likely be one pack­age of prior ac­tions slated for im­ple­men­ta­tion by mid-Oc­to­ber, with a sec­ond one to fol­low by early Novem­ber, in or­der for the pay­ments to be re­leased.

The EWG’s pro­vi­sional list in­cluded 105 ac­tions pro­vided by the bailout agree­ment signed in July, and was pre­sented at a EWG meet­ing last Thurs­day, but no de­ci­sion was reached then.

Be­sides the prior ac­tions to be set, the EWG will also dis­cuss the main fig­ures of the 2016 bud­get that Greek Fi­nance Min­istry of­fi­cials will present ahead of the sub­mis­sion of the first draft in Par­lia­ment on Mon­day. The Fi­nance Min­istry is con­sid­er­ing an up­ward re­vi­sion of its fore­casts on the course of the coun­try’s gross do­mes­tic prod­uct from now, thereby re­vis­ing the tar­gets for the pri­mary re­sults of this and next year’s bud­gets. How­ever, the changes the min­istry is plan­ning have not yet been agreed with the coun­try’s cred­i­tors.

Greece’s Euro Work­ing Group rep­re­sen­ta­tive, Al­ter­nate Fi­nance Min­is­ter Gior­gos Hou­liarakis.

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