Greece Said to Approach Accord for Bailout Tranche Payment
- Government submits legislation required by creditors
- Negotiations continue ahead of ECB Governing Council meeting
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Greece is close to an accord with creditor institutions on measures needed to get its next bailout tranche, two people familiar with the negotiations said, as the government submitted amendments to parliament Wednesday to bring legislation in line with what euro-area nations requested.
On May 25, the Eurogroup of the currency bloc’s finance ministers asked for “corrections to the legislation on the opening up of the market for the sale of loans, and on the pension reform,” as well as the conclusion of pending actions related to privatizations before approving the disbursement of a sub-tranche of a 7.5 billion-euro loan ($8.4 billion).