The talks between Greek Finance Minister Euclid Tsakalotos and Minister for Economy George Stathakis with the representatives of the country’s lenders ended on Thursday with the agreement that in a month the solution package for over- in-depth banks, small and medium enterprise seizures and the new tax laws abounded by the Greek PM, will be ready.
The government expects that all actions will have been completed before the September 29 EuroWorking Group, paving the way for the release of the 2.8 billion Euros tranche by the subsequent EuroGroup on October 10. Talks about the implementation of the reforms will be on the agenda of the last meeting of the creditors with Euclid Tsakalotos on Friday morning, a few hours before their departure. The country’ s creditors will previously meet with Minister of Education Nikos Filis to talk about reforms on Education.
The IMF’s mission chiefs will stay in Athens for another week to complete the regular audit of the Greek economy as part of article 4 of the Fund’s regulations and is not related to the program review.
The “quartet” of mission chiefs from the European Commission, the European Stability Mechanism, the European Central Bank and the International Monetary Fund is expected to return to Athens in October for more talks.