Sources suggest the report is generally positive but at least three remaining issues could delay the loan payment: the completion of the sale of the former Athens Airport plot at Hellenikon, the transfer of 5% of OTE (former state telecommunications company) to TAIPED and the legal protection and immunity of the members of the new privatization, which will replace TAIPED.
 
In addition the completion of the bailout program review will open the way for the European Central Bank to reinstate the waiver for Greek bonds so that Greek banks can receive cheap loans.
 
“We need to ensure a satisfactory operating environment for all European experts assisting Greece to improve its economy and find its way back to growth” said European Commission spokesperson Margaritis Schinas regarding the European technocrats and their Greek counterparts working in Greece’s privatization fund.
 
Greece expects to receive a tranche of 7.5 billion euros after the review completion because its loan obligations amount to about 5 billion euros until July.
 
Athens also hopes that the central bank’s board meeting on June 22 will decide to put Greece in the quantitative easing (QE) program, meaning it will accept Greek bonds as collateral.