Troika representatives expected in Athens by mid July

The heads of the troika are set to return in Athens by Monday the 14th of July, with the visit expected to last about ten days. The goal…

The heads of the troika are set to return in Athens by Monday the 14th of July, with the visit expected to last about ten days. The goal of the visit is merely to evaluate developments, without any major decisions being taken. The critical review for debt relief will begin in September.

This will also be the first trip to Athens for the new European Commission representative Declan Costello, who has replaced Matthias Mors. The troika heads will not be accompanied by its technical teams, as previously announced.

Prior actions delayed?

At the forefront of discussions will be the six prerequisite actions for the one-billion-euro installments of June and July, which appear to be running behind schedule.

For the June installment Greece must abolish third-party taxes, reduce the profit margin of pharmacists and within May. Additionally, the government has committed to carrying out fund mergers that will result in in the reduction of supplementary pensions and it will have to legislate on the “mini” DEI and party funding.

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Helios Kiosk