The government is hoping to move closer to the completion of a key prior action this week, when evaluators submit the results of their work on the new “objective” property values that will be used by the Finance Ministry to calculate this year’s ENFIA real estate tax.
Although there has been progress regarding property auctions over the last few days, the Greek government is under intense pressure to move forward with the 88 prior actions included in the fourth review so the programme can be wrapped up on time.
The main message to emerge from Monday’s Eurogroup was that Greece and its lenders are facing a tight schedule if they are to achieve their goal of completing the fourth review and settling the issues of debt relief and post-programme surveillance.
Monday’s Eurogroup is not expected to deliver any significant decisions regarding Greece’s fourth programme or its post-MoU framework.
The roadmap ahead for Greece had gradually started taking shape as Athens enters the final six months of its programme and gets a clearer picture on the key dates and deliverables.
The Greek government has denied that Athens and the institutions are considering extending the third programme, which ends in August.
The official conclusion of the third review on Friday means that the attention of the Greek government and its lenders has moved fully to the final few months of the programme and what will follow.
The Greek government goes into Thursday’s meeting of the Eurogroup Working Group (EWG) hoping that it has done enough to secure the next bailout tranche, bringing the third review to an official conclusion.
The Greek government believes that discussions regarding the fourth review, which began in Athens this week, are progressing well.
Over the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing that the Greek government should explore all options for the post-programme era, including a precautionary credit line.