Greek Government to pass auctions legislation by Friday

Greek Government to pass auctions legislation by Friday


Review Hari Stefanatos

There is a critical Eurogroup this afternoon in which troika is expected to present an evaluation report regarding the process of the negotiations with Greece.

The greek government is preparing for all eventualities hoping that the Eurogroup will give its approval for the 1 billion euro tranche.

Yesterday however, Yannis Stournaras, the greek Minister of Finance, stated “there was never a chance to get the tranche tomorrow (Tuesday)”. He went on saying that both contentious issues concerning the Hellenic Defense Systems (EAS) and property auctions are being negotiated implying that the issue of EAS will “close” in Eurogroup.

The formal decision for the disbursement will be made on Thursday, on the day of the opening of the summit of European leaders, so informal negotiations between troika and Greece are expected to carry on until then.

The Greek government is pressed for an immediate legislation regarding the issue of auctions before the toika’s return in January. At the same time the government wants to avoid such a responsibility directly, preferring the legislative assembly, which will then be ratified in parliament.

(Source Protothema)