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  • Creditors in Athens on 28 November to finish evaluation

    Representatives of Greece’s creditors are due in Athens on 28 November to discuss the final details before closing the third evaluation of the country’s fiscal adjustment programme.

    ΤοΒΗΜΑ Team

    Representatives of Greece’s creditors are due in Athens on 28 November to discuss the final details before closing the third evaluation of the country’s fiscal adjustment programme.

    The evaluation is expected to be definitively approved on 4 December at this year’s final Eurogroup.

    At the first Eurogroup meeting of 2018, scheduled for 22 January, Greece’s eurozone partners will discuss the agenda for talks regarding Greece’s exit from the programme, in August, 2018.

    They are also expected to set a date for the beginning of negotiations.

    The two sides are reportedly close to agreeing on the 2018 budget, before it is finally tabled in parliament.

    Evaluation preconditions

    The preconditions set by creditors for closing the third fiscal programme evaluation include full activation of online auctions of properties seized from those delinquent with loans and others.

    The successful completion of the evaluation is the firm precondition for agreeing to a debt reprofiling, which has been a top government objective for the last three years.

    Greece and its creditors, whom the government calls “institutions”, are also close to agreement on the details of the government’s social welfare handouts, which are scheduled to be disbursed before Christmas.

    There has also been agreement on the need to keep a 0,5 percent surplus as a cushion.

    The planned overhaul of real estate tax valuations will be postponed until the next evaluation for technical reasons

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