The official agenda of the Eurogroup mentions that the European partners will continue overseeing the Greek bailout program. The meeting is scheduled for July 11, thus marking the beginning of the new round towards the next evaluation of Greece’s reforms and the subsequent September tranche.
The official agenda of the Eurogroup mentions that the European partners will continue overseeing the Greek bailout program. The meeting is scheduled for July 11, thus marking the beginning of the new round towards the next evaluation of Greece’s reforms and the subsequent September tranche.
The September tranche, set at 2,8bn euro, is subject to dozens of prior actions that Athens will have to realize. The reforms concern labour legislation –mass redundancies- and further implication of freedoms in the trade of goods.
By mid-July the Greek government is expected to have submitted to the parliament a full midterm program until 2020.
The European lenders of Greece, expect that the country will move on to formulate a detailed action plan which will apply the legislation of 5,4bn euro of cuts and the automatic “spending cutter” as these have already been voted by the Greek parliament.
On 2016, the additional money expected to be added to Greece’s coffers are around 364ml euro.
The Eurogroup will also address issues concerning Cyprus, Ireland, Portugal and Spain.