Greece has left three out of 15 prior actions that need to be fulfilled so that the debt-ridden country can receive the €2.8billion bailout tranche. According to the EuroWorkingGroup meeting on Thursday, Greece will need to meet these obligations before the Eurogroup meeting scheduled for October 10th 2016.
Those three prior actions include
- the appointment of three members of a five-member supervisory board to the new privatization super fund. A representative of the European Commission on Tuesday confirmed that Brussels has endorsed the three officials proposed by Athens.
- some regulations concerning the natural gas market ie scraping the fee for Renewable Energy sources
- a restructure of the Civil Aviation Authority
PS Too bad that German Finance Minister Wolfgang Schaeuble won’t be in the Eurogroup to bless the disbursement of the 2.8billion; he will be probably running around to rescue the two biggest banks of Germany, the Deutsche Bank and the Commerzbank that see their stocks literally crashing today.
