Draft Bill on Prior Actions for Loan Tranche, Recapitalisation Tabled in Parliament

A draft bill legislating the prior actions Greece and its lenders agreed to before the country receives a 2-bln-euro loan tranche and 10 billion euros to recapitalise its banks was tabled in Parliament early on Wednesday morning.

The bill includes measures that will replace tax revenues from a controversial 23% VAT tax on private schools, such as a fee on state lottery fill-out forms and a special consumer tax on wine.

Other provisions will no longer oblige owners to pay tax on uncollected rents (provided a court order has been issued against a renter), and will extend the repayment period for each installment of a debt whose holder is on a 100-installment payment plan.