HRADF outlines major privatisation plan, no timelines given
Despite speculation, post-MoU credit line seems unlikely
Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
Conclusion of third review closer as extensive bill tabled by coalition
Omnibus bill to be tabled shortly as Athens edges to third review conclusion
Multi-bill on way as Athens aims to complete third review by Jan 22
Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
The supplemental Memorandum of Understanding (sMoU) that was the product of the Staff Level Agreement (SLA) between the Greek authorities and the institutions outlines the understanding and obligations on the fiscal sustainability front, which range from improving public financial management to strengthening the institutions and processes that will deliver on the fiscal commitments.
The document reaffirms Greece’s commitment to pursue the fiscal path agreed at the start of this programme in the summer of 2015, which is based on primary surplus targets of 1.75 percent in 2017 and 3.5 percent of GDP in 2018. The primary surplus targe...
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