Government in race against time to resolve bailout issues

EconomyProgramme

Following the Eurogroup decision on Monday to decouple the disbursement of the 10 billion for bank recapitalisation from the implementation of the second list of prior actions or the completion of the first programme review, the government aims to close current pending issues by early next week.

Those issues relate to the first set of milestones for the disbursement of the sub-tranche of 2 billion and involve the resolution of non-performing loans (NPLs) along with the new eligibility criteria for protectiing primary homes from foreclosures, am...

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