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Lenders want 15 immediate actions to pay the aid

14 November 2012 / 15:11:33  GRReporter
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For one week, the Greek government should adopt and disseminate a series of ministerial decisions and regulations in order to receive the next tranche of the aid. It will be worth 44 billion euro and an aggregate amount of the payments that the country should have received in June, September and December. According to the latest information, the aid will be paid on 20 November but first, the Greek government must fulfil the additional requirements of the lenders.

The supervisory Troika of the International Monetary Fund, the European Central Bank and the European Commission wants to ensure that the country is fully prepared to implement the reforms before it grants one of the largest bailouts Greece has received so far. They urge Greece to take all prior actions in order to obtain the delayed funds.

The ministerial decisions to enact the practical implementation of the fiscal adjustment measures, which were voted last week, are:

- To transfer 40 state-owned properties to the public property management fund

- To declare the stages of change in the tax system, as previously approved by the supervisory Troika

- To officially announce the schedule for the repayment of public debts to suppliers and other organizations

- To move 30 employees to the National Organization for Health Care Provision to address the management of late payments

- To strengthen the control over the budget implementation and to introduce the right of veto in the Ministry of Finance when other ministries and public organizations exceed their fixed costs

- To complete the plan for human resource management in the Ministry of Public Administration and the Ministry of Environment

- To appoint a regulator between different ministries

- To apply in full the unified management system for government procurement and supply

- To establish a management centre for public administration purchases

- To draw up a plan for the liberalization of professions, which are controlled by the Ministry of Citizen Protection (sale of weapons, private companies offering security services, services related to ports), to liberalize trade in works of art and to remove the restrictions in the natural gas market

- To issue a presidential decree to eliminate the minimum charge on the presence of lawyers in the courtroom

- To complete the bill on the level of professional qualification

- To present a plan for the reform of the Public Power Corporation (DEI), which should include a reduction of the use of lignite

- To present a new plan for managing the distribution of natural gas


Tags: EconomyMarketsTroikaGreecePrior actions
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