Negotiations on the second bailout program review between Greece and creditors resume Monday with the new privatization fund and corruption first on the agenda.
The two sides will discuss the progress of the bailout program prerequisites with the Greek side aiming to complete the review soon in order to receive the next loan tranche of 2.8 billion euros. Greece has been given a deadline until the end of October to complete implementation of prerequisites.
In the morning, Justice Minister Nikos Paraskevopoulos will discuss issues on battling corruption with creditors‘ representatives. In the afternoon, Finance Minister Euclid Tsakalotos will meet with the creditors’ team to resume talks on the new privatization fund.
The establishment of the independent fund is high on the list of prerequisites. The Greek government has to appoint the members of the Supervisory Board of the fund, who will appoint the members of the Executive Board.
The privatization of part of the Independent Power Transmission Operator (ADMIE), legislation on passing all shares of the former Athens airport land to private investors, liberalization of the natural gas market and the operating framework of the Civil Aviation Authority are included in the privatization fund prerequisites.
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