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Greek Parliament to table new bill with prior actions on Tuesday

New legislation including prior action to be tabled and voted through using fast-track procedures

Newsroom November 16 10:01

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Greek Parliament will table the third bill with prior actions necessary to unlock the 2-billion-euro bailout tranche on Tuesday.

The new deal is expected to include new regulations for foreclosures of primary homes, guidelines for debt settlement in 100 instalment, decisions regarding the 23% VAT hike in education, increased excise duties for cars and all other issues that have been in the air in debates over the last few weeks.

The Conference of Presidents will meet at 1 p.m. local time and debate in the plenum with the government wanting to vote on the bill through fast-track procedures.

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Next, the bill will pass through the relevant parliamentary committees on Wednesday so that it can be debated on and voted on by Thursday.

It is hoped that the emergency procedures would allow creditors to deposit the tranche for Greece on Monday, November 23. The release of the tranche would need to be preceded by a Eurogroup meeting that is scheduled for November 23.

 

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