Government: No more prerequisites will be needed

Government: No more prerequisites will be needed

Athens, July 28, 2015/ Independent Balkan News Agency

By Spiros Sideris

The Greek government insists that there won’t be  need for a third package of prerequisite measures, in order to complete the deal with lenders until August 20. After the meeting of the Government Council for Economic Affairs, Finance Minister Euclid Tsakalotos confirmed that on Monday began the first technical discussions with lenders and will continue Tuesday with greater intensity, while stressed that “we will stick to the letter regarding the agreement of the Eurogroup and the Eurozone Summit of July 12. We hope that everything will go well”, he said.

According to information, at the meeting of the Government Council for Economic Policy it was examined where discussions with the heads of the troika will take place and it was decided that they will be in the place where they will be staying and that ministers will be involved later in the negotiations.

According to other sources of the government, the deal should be completed by August 15, so as to start the planning of the medium-term programme and budget revision by the government.

According to estimates of economic circles, the first money Greece will need with the new loan can reach EUR 9 billion to meet external payment in the region of EUR 5 billion for the next month and EUR 4 billion for overdue payments to individuals, suppliers etc.

HCMC: ASE to reopen with a ministerial decision

To the ministerial decision that will be issued on the functioning of the stock market refers the Hellenic Capital Market Commission in a statement Monday.

As stated, until the relevant decision is issued, the Athens Stock Exchange and the Multilateral Trading Facility (MTF) Alternative Market (ENA) will remain closed.

Also closed will remain the Electronic Secondary Securities Market (HDAT), while the suspension of buyouts of mutual funds shares will continue.

Similarly, the suspension of liquidation (ETSC) for securities traded in the Greek market will also continue, in addition to the suspension of securities settlement in securities of Greek market by the Greek Central Securities Depository (ELKAT).