Economic team focuses on the prior actions for the disbursement of the 1 bln euro tranche in June

Finance Minister Gikas Hardouvelis considers that the goal to complete the six prior actions before the arrival of the troika in Athens (expected on July 8) is feasible, since some of these actions have already been implemented or are very close to their implementation.

The first six prior actions are:

* The adoption of the law on the open market (already completed)

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* Updating the list of parafiscal charges

* The adoption of a code of conduct for members of the government to limit corruption (to be implemented)

* The issue of a joint ministerial decision by the Finance and Justice ministries on the Action Plan regarding debt collection

* The adoption of a law to reduce the pharmacists' profit margin.

Greece, then, needs to proceed with the implementation of the other six prior actions for the disbursement of the second "small" tranche of 1 billion euros, which was scheduled to be released in July. The government aims at having completed the specific actions by mid-August, so that the tranche be released in September. The bill for the "small PPC" as well as actions regarding the social security system and in particular the supplementary funds are even more important.

Officials of the economic team underlined that the country must fully meet its obligations in order to be able to set its own priorities and issues in discussions with the creditors' representatives.

source: ΑΜΝΑ