Τechnical staff for the first evaluation of the Greek economy is expected in Athens at the end of this week

The technical staff for the first evaluation of the Greek economy within the framework of the memorandum is expected in Athens at the end of this week.

The completion of the evaluation is connected with the disbursement of the 2+1 billion euro tranche and the agreement on debt settlement. The first officials to come are expected to focus on fiscal and banking issues.

The next ones to come will deal with energy issues and public administration. According to sources, the first phase of the evaluation will have been completed by October 15 and will have to do with whether and to what point the legislation on secondary, mainly, provisions of the agreement with the lenders has been implemented. The evaluation includes the government’s plan on bad loans, the speeding up of licensing for companies, the abolition of a 20 percent discount on electricity tariffs for industries and the strengthening of the role of tax administration.

The second phase of the evaluation to be carried out after October 15 will focus on the 2016 budget, the new mid-term framework, the social security system, the new tax measures, the final solution on bad loans, and the implementation of the reforms included in OECD’s toolkit. The heads of the institutions are expected to arrive in Athens after the Eurogroup meeting on October 5 and will return in November when the conclusions of the first evaluation will be ready.