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Athens Macedonian News Agency: News in English, 15-10-19
CONTENTS
[01] Institutions' mission heads to arrive in Athens on Tuesday
[01] Institutions' mission heads to arrive in Athens on Tuesday
ANA-MPA -- The heads of the institutions' missions to Greece are
expected to arrive in Athens on Tuesday, where they will stay for 2-3
days in order to be briefed on the implementation of reforms after the
voting of the omnibus bill and to decide the agenda of prior actions
and milestones to be legislated going forward.
Declan Costello (European Commission), Delia Velculescu (IMF) and Rasmus
Ruefer (ECB) will have preparatory contacts with leading government
ministers and are expected to return to Greece in November or December
at the latest for the formal review of Greece's economy. Wednesday's
Eurogroup Working Group is considered a milestone as it will prepare for
the Eurogroup's November 9 meeting and will advise the European Stability
Mechanism (ESM) on whether to give the green light for the disbursement
of the sub-tranche of 2 billion euros by October 27. The content of
the next omnibus bill that is to be discussed with the representatives
of institutions will include much more "difficult" actions (eg pension
reforms, "bad" loans, new austerity measures etc.), but its passage will
open the way for three important issues: â€' The disbursement of a 1
billion euro sub-tranche â€' The beginning of the review and an agreement
on debt settlement â€' The completion of the recapitalization of banks by
the end of December in order to avoid a "haircut" of deposits (bail in)
to be applied in accordance with EU Directive from January 1, 2016.
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