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Creditors arrive for the 2 billion euro tranche

19 October 2015 / 19:10:18  GRReporter
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The heads of creditor institutions to Greece will arrive in Athens to establish the progress in implementing the first package of preliminary budget measures that the Greek parliament voted last Friday.

The creditor representatives will arrive in Athens tomorrow, whereas the technical teams of the European Commission are already in the Greek capital. According to the spokesperson for European Commissioner for Economic Affairs Pierre Moscovici, the talks with the Greek government will continue for three days, from Wednesday to Friday.

Annika Breidthardt said that they will assess whether the adopted measures comply with the requirements of creditors in order for them to allow the granting of the financial tranche to Greece, amounting to 2 billion euro.

She recalled that the second package of preliminary measures is to be discussed with the Greek authorities over the next two weeks. "Granting the next sub-tranche of 1 billion euro depends on the successful implementation of the second package of preliminary measures," said Breidthardt.

The representatives of the European Commission Declan Costello, the International Monetary Fund Delia Velculescu and the European Central Bank Rasmus Rueffer will meet with key ministers in the Greek government in the coming days. They are due to return to Athens in November or in December at the latest to carry out the official monitoring of the state of the Greek economy.

Earlier today, a meeting of the main staff of the Greek government took place under the leadership of Prime Minister Alexis Tsipras and president of parliament Nikos Voutsis, which discussed the tax changes and the first package of preliminary budget measures.

Euro zone finance ministers will meet on Wednesday to decide on the granting of the 2 billion euro tranche and immediately afterwards, the Greek government will face the implementation of the second more decisive and much heavier package of tax measures that include the change in the taxation of farmers and the pension reform.

Tags: PoliticsCreditorsThird rescue programmePreliminary budgetary measuresMonitoring the state of Greek economy
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