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Athens Macedonian News Agency: News in English, 16-05-16
CONTENTS
[01] Government to table last measures to parliament on Thurs, vote
on Sunday
[01] Government to table last measures to parliament on Thurs, vote
on Sunday
The government will submit on Thursday at the relevant parliamentary
committees a draft bill with the remaining prior actions and the
contingency mechanism required for the conclusion of the first bailout
review, the Conference of Parliament Presidents announced on Monday.
The aim is to approve the bill at the plenum by Sunday, ahead of the next
Eurogroup meeting on Tuesday (May 24). On Wednesday, Finance Minister
Euclid Tsakalotos will brief SYRIZA's parliamentary group on the content
of the bill.
In a marathon meeting chaired by Prime Minister Alexis Tsipras on Monday,
the government finalized the form of the contingency mechanism which will
be activated if Greece misses its targets for primary surpluses. According
to government sources, if the target is missed, a presidential decree
will be issued that will include interventions to revenues and costs,
which will be decided by the Greek government. The issuing of a decree
is an obligation included in the deal signed by Greece and its creditors.
If the decree is – for some reason – not issued, then the contingency
mechanism will be activated which will allow interventions in all
aspects of the economy, excluding sensitive sectors. If the mechanism is
activated, it will aim at fiscal targets agreed with the country's lenders
and will solely based on Eurostat data and not on forecasts. It will also
concern a specific adjustment for specific diversions from the targets.
In today's meeting with Tsipras, the imminent discussion on Greece's
debt was also discussed. According to the same sources, Athens wants the
next Eurogroup to announce a specific plan on the basis of the decision
taken in the last meeting, which will restore stability in the country
and create conditions for a safe investment environment.
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