Greece Will Complete Prior Actions by End September, Eurozone Official Says

Greece Will Complete Prior Actions by End September, Eurozone Official Says

A senior Eurozone official on Wednesday expressed confidence that Greece will complete all 15 prior actions required for the disbursement of a 2.8-billion-euro sub-tranche of bailout loans by the end of September, though not before September 15 as agreed at the start of the summer.
He noted, however, that it would not be a problem if this was done by the end of the month, since there was no immediate pressure on Greece's liquidity. The official said he had been given assurances by the Greek side that all pre-requisites will be met by end September while pointing out that the 2.8 billion euros will cease to be available at the end of October.
Two days before the informal Eurogroup in Bratislava, the official said that Eurozone finance ministers will be briefed on the current state of play by their Greek counterpart, with respect to completing the prior actions. These include privatisations, the energy market, a revenues agency and the management of Greek banks.


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