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Tag Archives: prior actions

Greece has completed all 88 prior actions, EU compliance report says

June 20, 2018 Economy Comments Off on Greece has completed all 88 prior actions, EU compliance report says

Greece has completed all prior actions needed to conclude the fourth and final review of the Greek programme, according to a compliance report posted by the Directorate General for Economic and Financial Affairs on Wednesday. This opens up the path for approving the disbursement of the final tranche of loans …

Greek Parliament passes austerity bill with prior actions worth €5.5billion

June 14, 2018 Greece, Politics Comments Off on Greek Parliament passes austerity bill with prior actions worth €5.5billion

The Plenary of the Greek Parliament passed the omnibus bill with the prior actions necessary for the conclusion of the fourth and final review of the Greek programme. The fast-track bill was passed on Thursday afternoon with 154 votes in favor and and 144 against, in a total of 298 …

All remaining prior actions to be voted in Greece’s Palriament in fast-track procedure

May 29, 2018 Greece, Politics 1

Greece’s Parliament Speaker, Nikos Voutsis, announce don Tuesday, that legislation on all the prior actions needed to conclude the fourth review of the Greek programme will be passed by June 14, ahead of the June 21 Eurogroup. ALl prior actions will be included in a single draft bill using fast-track …

Gov’t brings omnibus prior actions bill to Parliament to facilitate 3. review of Greek program

January 8, 2018 Economy Comments Off on Gov’t brings omnibus prior actions bill to Parliament to facilitate 3. review of Greek program

The omnibus bill containing the prior actions required to complete Greece’s third program review will be send at the parliament’s relevant committees on Tuesday (Jan. 9), where it will be discussed until Thursday. The bill is 600-pages heavy and contains 50 prior actions The bill will proceed at the plenum …

IMF growth projection for 2018 at 2.6% of Greece’s GDP

October 11, 2017 Economy Comments Off on IMF growth projection for 2018 at 2.6% of Greece’s GDP

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8 pct …

Greece needs more prior actions before tranche disbursement possible

July 4, 2017 Economy Comments Off on Greece needs more prior actions before tranche disbursement possible

A delay is expected in the disbursement of the bailout tranche from Greece’s creditors. Reason for the delay is allegedly that some of the prior actions required have yet to be fulfilled. Speaking to daily Kathimerini, sources say that instead of the decision that was to be made on Thursday, …

Greek government new austerity package freezes pensions and collective bargain hikes

June 9, 2017 Economy 1

In a Bill for Fishing, Greek labor ministry quietly tabled two amendments that among others freeze future pension hikes as wells as hikes in collective bargains. The two amendments are part of a 5-amendment package of austerity measures to please the creditors. The package is the rest of prior actions, …

Dijsselbloem: Greece needs to complete all prior actions before bailout tranche released

May 31, 2017 Economy 1

Head of Eurogroup and still acting Dutch fiance minister Jeroen Dijsselbloem said that Greece needs to complete all prior actions before the 7-billion euros bailout tranche is released. In his role as finance minister Dijsselbloem said in a letter to the Dutch Parliament to inform about the results of the …

Mission impossible for Greece: Creditors’ 100 Prior Actions in MoU May 2017 – Full Text

May 9, 2017 Economy 2

The full text of the Supplemental Memorandum of Understanding, the Draft Preliminary Agreement between Greece and creditors from May 2 2017 has been obtained by German finance newspaper Handelsblatt. A total of 53 pages describing in full detail the prior actions Greece will need to take not only for 2019 …

EWG Three prior actions left so that Greece can get €2.8bn bailout tranche at Eurogroup of 10/10/16

September 30, 2016 Economy Comments Off on EWG Three prior actions left so that Greece can get €2.8bn bailout tranche at Eurogroup of 10/10/16

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 …

Greece & Institutions agreed on which prior actions would not be implemented

June 1, 2016 Economy Comments Off on Greece & Institutions agreed on which prior actions would not be implemented

Greece’s economic team and institutional creditors are a step closer to the release of the 3. bailout tranche of 7.5 billion euro. In an extraordinary teleconference that ended in the early morning hours of Wednesday, the two sides reportedly agreed on several ‘open’ prior actions that Athens had said it …

European Commission sends Greece a list with 13 “prior actions”

December 8, 2015 Economy Comments Off on European Commission sends Greece a list with 13 “prior actions”

Curious about the second set of “prior actions” that Greece’s creditors demand that Athens pushes through the Parliament by mid-December in order to receive one billion euro bailout disbursement? Here they are as published by the Euro Working Group and the European Commission. They are called “Milestones”. ” a committee …

Eurogroup to Greece: pass 2. set of prior actions by mid-Dec, pensions by begin of Jan

December 7, 2015 Economy 1

You thought that just because the Greek government passes creditors’ prior actions through the Parliament, the issue is over? Of course, not. The so-called reforms need to be implemented and furthermore more prior actions need to pass through the Parliament, so that Greece can receive the 1 billion euro bailout …

SYRIZA MP resigns over “prior actions bill”, Kammenos asks ‘rebel’ ANEL MP to resign

November 19, 2015 Politics Comments Off on SYRIZA MP resigns over “prior actions bill”, Kammenos asks ‘rebel’ ANEL MP to resign

Syriza lawmaker and former government spokesman Gavriil Sakellaridis submitted his resignation on Thursday morning, hours before the Parliament would be called to vote for the bill of prior actions and new austerity measures. “Sakellaridis raised objections to the bill,” Greek media report adding that it was Prime Minister Alexis Tsipras …

Dijsselbloem: First the ‘prior actions’ then the bailout tranche

November 3, 2015 Economy 1

He has been suspiciously quiet lately. Apparently because he had nothing new to say. But today, he thought it was time to raise hand and catch Athens’ eye. Just in case, the Greeks wanted to make some short of secret arrangements with noble guest EU Commissioner Pierre Moscovici or something. …

Moscovici in Athens to check ‘state revenues’, while some Greeks cannot pay rent & bills

November 3, 2015 Society Comments Off on Moscovici in Athens to check ‘state revenues’, while some Greeks cannot pay rent & bills

EU Monetary Affairs Commissioner Pierre Moscovici arrived in Athens today. He talked with the Prime Minister and other important members of the cabinet about “prior actions”, austerity cuts, structural reforms and equivalent measures. One of Moscovici’s hot spots is whether the Greek government can scrap the 23% Value Added Tax …

“Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

October 30, 2015 Society Comments Off on “Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

This year’s ‘heating allowance’ for the poor and the needy will be cut by 50%. The total amount from the state budget will drop from €210 million last winter down to just €105 million. Blame the austerity, the bailout programs, the prior actions and the shortage of liquidity. In the …

Greek Gov’t under pressure: prior actions vs 2 billion euro bailout tranche

October 29, 2015 Economy 9

Greek government is under immense pressure as money has run out, and the expected 2-billion-euro bailout tranche has not arrived yet. The Eurozone technocrats, the members of the Euro Working Group are supposed to make their first review of the implementation of the bailout programm and decide today whether Greece …

Privatizations: Russian & US companies race for Greek TRAINOSE

October 13, 2015 Economy 4

The privatization of Greek Railways TRAINOSE is developing into a Russian-American race as companies from both countries have expressed interest on the sale of 100% of TRAINOSE . Hellenic Public Assets Development Fund, the Greek Privatization Fund (TAIPED) has set the deadline for bid submissions for December 3rd. A delegation …

Greek Gov’t wins confidence vote – Time for tax hikes, pension cuts & other “reforms”

October 8, 2015 Politics 7

Greece’s recently re-elected SYRIZA-ANEL coalition government won the vote of confidence on Wednesday night. With merely 155 votes in a parliament of 300 seats, the government did not manage to win a single vote from the opposition parties. These parties that were supporting the previous SYR-ANEL coalition and were voting …

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