Greek coalition overcomes concerns about "small PPC"

PoliticsGreek Politics Tags: PPC

Greece’s new cabinet seems to have emerged unscathed from the first test of its cohesion, which was brought about by disquiet concerning the privatisation of 30 percent of the state-run Public Power Corporation (PPC) in the form of a smaller spin-off.

Adopting the so-called “small PPC law” is one of the six prior actions Athens must complete by the end of the month to received the first 1-billion-euro sub-tranche of its eurozone bailout. It is one of the 12 tasks Greece needs to fulfil this summer.

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