45 more prior actions to come

The first review of the Greek program will be finally concluded on Thursday after months of negotiation talks.

The European Stability Mechanism (ESM) will convene before the beginning of the Eurogroup to take place in Luxembourg in order to confirm officially that Greece has fulfill the required prior actions for the 10.3 billion euro tranche and decide on the number of the sub-tranches.

It also, though, paves the way for the next 45 prior actions to be set for September, such as the transfer of 5% stake in OTE to the Privatization Fund, and for the second review of October which will bring changes in labor law.

Moreover, the ESM will announce today the control mechanism that will monitor the payment of part of 3.5 billion euros, which will be provided so as the state could pay off its debts towards individuals, households and businesses. In this way, ESM will be certain that the money will reach the beneficiaries.

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ESM to confirm officially that Greece has fulfill the required prior actions for the 10.3 billion euro tranche

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