The social security gap between the government goals and the creditors demands was examined on Thursday in a long meeting that ran until past midnight on Friday with an agreement over a new privatisation fund and the Independent Power Transmission Operator (ADMIE).

Both sides are holding more talks on Friday on non-performing loans (NPLs), so called “red loans”, as part of the prior actions necessary before a sub-tranche worthh 1 billion euros can be disbursed to Greece.

An agreement is likely today on NPLs that would pave the way towards the disbursement of the subtranche. Friday’s schedue includes talks on business loans, but mortgages are to be dealt with next year during the first review.

The government’s goal is to have a bill on the agrement to be voted on in Parliament this coming Tuesday.

It should be noted that the previous conservative government had agreed upon a set term as the least prerequisite for the minimum pension to be increased from 15 to 20 years (an increase of retirement stamps to 6,000 from 4,500 that currently apply).