The negotiations between the Greek government and the institutions, over the 15 prior actions remaining from the first bailout review resume on Tuesday, starting with a meeting including the Ministers of Finance Euclid Tsakalotos and Economy Giorgos Stathakis at 11:00 and continuing with the Minister of Energy Panos Skourletis at 11:30. The IMF’s mission chief in Greece Delia Velculescu will participate in Tuesday’s talks.
After Monday’s two-hour meeting, Finance Minister Tsakalotos told journalists that although there is no agreement yet, both sides are close. The main issues discussed on Monday included the supervisory board of the new “super fund” and privatizations.
An earlier meeting held with the General Secretariat for Combating Corruption appears to have been also satisfactory for both sides. The funding of political parties was at the top of the agenda and the changes needed in the current framework.
Meanwhile, the European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said that the completion of the second bailout program review as soon as possible, within fall of 2016, is the joint goal of Greek authorities and the country’s creditors. Should that happen in time Greece will gain access to more funds, including the 2.8 billion euros sub-tranche, which is attached to the first review of the bailout program.
Furthermore, Mr. Moscovici said that the European Stability Mechanism is currently working to improve Greece’s debt repayment profile and reduce the interest rate risk. The European Commissioner made these remarks in response to a question posed by the Vice President of the European Parliament and SYRIZA MEP Dimitris Papadimoulis on the second bailout review and debt relief measures to be taken, based on the recent Eurogroup decision.