Euro Area May Set Greek Demands on Friday, Official SaysIan Wishart
Euro-area finance ministry officials will try on Friday to reach agreement on a list of measures that Greece needs to take before it can receive the next portion of its latest 86 billion-euro ($96 billion) bailout, a European Union official said.
If the officials sign off on the list, the currency bloc’s 19 finance ministers may be able to discuss it when they meet on Monday, the official told reporters in Brussels on Thursday.
It will be the ministers’ first meeting since Greek voters returned Prime Minister Alexis Tsipras to office last month. Having signed the bailout in August, Tsipras must now push through a series of measures demanded by euro-area governments including changes to taxes and pensions and cuts in public spending.
In return for Greece meeting the first list of measures, the euro area will make a first disbursement of 2 billion euros, with another 1 billion euros due later.
While the precise timing hasn’t been agreed, Greece’s creditors will probably start their review of the country’s implementation of the measures this month, said the official, speaking on condition of anonymity.