The omnibus bill that legislates the measures agreed with Greece's creditors was voted on Friday by a parliamentary majority of 154/300. The bill includes only 30 percent of prior actions required by the bailout program; the finance ministry must now rush to implement 49 additional prior actions in order to avoid further delays that may postpone the 2-billion-tranche Greece expects to receive.
Greek daily Kathimerini reports delays related to ministerial decisions that could cause a delay in the lenders’ first evaluation of the program. According to the German weekly business magazine Wirtschaftwoche, the lack of expedient execution could postpone the evaluation until December.
Based on the existing schedule, the institutions should draft an evaluation report on the implementation of the 49 prior actions by Tuesday, so that Euroworking Group would hold a meeting on Wednesday and, if the report is positive, give the “green light” for the disbursement of 2 billion euro tranche.
The Athens-Macedonian news agency reports that International Monetary Fund (IMF) Managing Director Christine Lagarde has made the decision to send an IMF mission to Greece, according to Washington-based sources.
Along with the IMF mission led by Delia Velculescu, the heads of the other institutions representing Greece’s creditors are also expected in Athens, the same sources said on Saturday.