On Friday, the Euro Working Group evaluated the progress of the reform process which is the prerequisite that will release the sub-installment.
The reforms include the privatization of public companies and assets as well as tax and structural measures, the so called “red loans” and changes in public administration.
The official, who is close to the talks within the EuroWorking Group explained that the remaining prior actions as well as any relevant laws will be legislated by the Greek parliament on Tuesday night. Following that, on Wednesday, the “institutions” -the mechanism who oversee the process on behalf of the creditors- will issue a report of the country's compliance.
Once the report has been published, the board of the European Distress fund will meet and give the green light in order to release the 1bn installment.
The government will try to pass all the remaining reforms on Tuesday night in a flat bill which will be treated as “urgent” thus limiting the chances for detailed debate to the minimum.
C.N.