Greece, troika agree to reduce sell-off target, close to deal on civil servants

Greece, troika agree to reduce sell-off target, close to deal on civil servants

 

The Greek government continued its bargaining with the troika Friday as the two sides debated how Athens will meet its targets for a labor mobility scheme ahead of Monday’s Eurogroup, when eurozone finance ministers will decide whether to release another 8.1 billion euros in bailout funding.

The troika appeared to accept the government’s proposal for some 4,000 municipal police officers being included in the mobility scheme. They are to be transferred to the main police force after undergoing some kind of retraining. The details of the plan for the municipal police remained unclear Friday as Athens attempted to meet a target of 12,500 civil servants being included in the mobility scheme. Talks are due to continue Saturday.

Sources said that the government and the troika agreed Friday to revise this year’s targets for the privatization program after the collapse of the tender for gas firm DEPA. As a result, the 2013 target will be 1.6 billion euros rather than 2.6 billion. The sale of DEPA, which was due to bring in about 1 billion euros, is now being planned for the first half of 2014.