ECONOMY

EWG to decide on prior action list

ewg-to-decide-on-prior-action-list

The list of prior actions that Greece must implement in two stages for the disbursement of bailout tranches adding up to 3 billion euros will be determined on Friday during a teleconference of the Euro Working Group of senior eurozone finance ministry officials, according to sources.

There will likely be one package of prior actions slated for implementation by mid-October, with a second one to follow by early November, in order for the payments to be released.

The EWG’s provisional list included 105 actions provided by the bailout agreement signed in July, and was presented at a EWG meeting last Thursday, but no decision was reached then.

Besides the prior actions to be set, the EWG will also discuss the main figures of the 2016 budget that Greek Finance Ministry officials will present ahead of the submission of the first draft in Parliament on Monday.

The Finance Ministry is considering an upward revision of its forecasts on the course of the country’s gross domestic product from now, thereby revising the targets for the primary results of this and next year’s budgets. However, the changes the ministry is planning have not yet been agreed with the country’s creditors.