Parliament has to pass multi-bill by Sunday so Greece can get €8.8bln on time, Stournaras tells MPs

Greece will have to vote through Parliament by Sunday a multi-bill containing the “prior actions” agreed with the troika in order to secure the release of 8.8 billion euros in bailout loans, Finance Minister Yannis Stournaras told MPs on Monday.

Stournaras said that he would brief coalition leaders about the measures on Tuesday and would submit the bill to Parliament on Thursday under an emergency procedure.

The minister said that the vote would have to take place by Sunday because Greek Parliament will not be sitting next week as it is Holy Week ahead of Orthodox Easter.

He said that Greece would have to approve the prior actions in time for a Eurogroup meeting on May 13, when an instalment of 6 billion euros is due to be approved.

The 2.8-billio-euro tranche is set to get the green light when the Euro Working Group meets on Monday, April 29.

The multi-bill will contain legislation concerning the dismissal of 15,000 civil servants by the end of 2014, the number of instalments for Greek who taxes or social security contributions, a 15-percent reduction in the emergency property tax, the strengthening of the role of the general secretary for revenues and voluntary Sunday trading for shops.

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