ECONOMY

Creditors unhappy with progress on the first prior actions

creditors-unhappy-with-progress-on-the-first-prior-actions

Greece’s creditors have identified problems and delays regarding circulars and ministerial decisions that have not been issued concerning the 49 prior actions necessary for the disbursement of a 2-billion-euro bailout tranche.

Sources from the creditors’ side say that the omnibus bill expected to clear Parliament late on Friday covers just 30 percent of the measures required.

The creditors’ technical experts became aware during the week that the ministries have not applied the legislation required for the completion of the actions.

The experts now have until Tuesday to draft their report on the implementation of the 49 prior actions for the timely completion of the first review.