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Tag Archives: prior actions

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 …

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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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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“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 …

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Privatizations: Russian & US companies race for Greek TRAINOSE

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 …

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