According to a senior officer of the Ministry of Finances the troika representatives are expected to return to Athens on the 4th of June for the next evaluation. As such the Ministry is racing to complete all prerequisite agreements to avoid any last-minute dram.

The 4.2 billion euro loan installment that Greece collected on Friday was used to pay off bonds worth 5.6 billion euros on Monday that the European Central Bank held.

The Minister of Finances Giannis Stournaras is focusing on collecting the remaining 3.3 billion euros loan, which has conditionally been approved by the Eurogroup. The three conditions are to submit a detailed plan for combating corruption, a new plan for indebted households and the deregulation of the energy market.

However, the European Commission’s report that was published on the 17th of May indicates that the Greek government has not implemented many of the agreements. Of the 420 necessary actions stipulated in the terms of the third bail out loan (December 2012) 139 of them have not implemented, a rate of 33%. The Ministries of Labor and Health have the highest “fail” rates.

The government’s financial staff has a lot to prepare for in time for the troika visit, such as reducing the number of tax offices to 140 for the entire country, voting in the new law on the taxation of real estate property (by the end of June) and increasing the jurisdiction of General Secretary of Public Finances Haris Theoharis.