The European Commission has postponed today’s presentation of the Greek program’s progress report for Friday. The delay came as a result of the extension for the 4-billion euro loan installment, due to the outstanding prior action.
The report is expected to make provisions for the lift on the auction ban of primary residences, delaying an increase of objective values for 2016, setting new public sector dismissal goals and the financing gap for 2014-2015.
The European Commission will focus on the management of public finances and the need for further progress in reforming the tax authority, as well as developing a healthy financial sector. Further work is need to increase competitiveness and productivity, without neglecting the protection of vulnerable groups.
The report is also expected to stress that the long-term financial developments in Greece appear to be within the program’s estimations. The state of the economy is still hard though, with the high unemployment rate incurring a huge social cost.
