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Greek Gov't Rushes to Complete Second Bailout Program Review by November 7

tsipras-tsakalotos-3The Greek government aims at completing the second bailout program review by November 7 by closing open issues such as labor law reforms and privatizations.
On October 16, the team of creditors‘ representatives arrive in Athens for the second round of talks with the Greek side. Negotiations will run through November 7, when euro zone finance ministers convene. The Greek side aims at completing the review over the next few weeks in order to sit down with creditors and discuss debt relief measures before the end of the year.
For the completion of the second bailout program evaluation, 33 prior actions are required. These include privatizations of public utility companies, energy companies and state assets, the financing of the Solidarity Social Income, primary surplus targets after 2018, mass lay-offs, collective contract bargaining, labor union laws, formulation of the social benefits system, liberalization of closed professions, legislation to facilitate licensing, implementation of one-stop services for businesses and measures for eliminating bureaucracy that hinders competitiveness.
Athens hopes that these pending issues will close by November 7 and will rush to ratify the measures by then.

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