Negotiations on the second programme review starts on Friday

The new, ‘improved’ privatisation fund for Greece, the Hellenic Holdings and Property Company, will be the first item on the agenda on Friday, during the start of negotiations between Greek authorities and the institutions representing its creditors on the second review of the Greek programme.

The start of talks was delayed a few days but the government’s financial team has indicated that the review must be concluded before the Eurogroup on December 5. In this way, Eurogroup ministers will be able to make a decision on debt relief for Greece that will allow it to join the European Central Bank’s quantitative easing (QE) programme.

The issues to be negotiated include changes in labour law, the Medium-Term Fiscal Framework and primary surpluses, out-of-court dispute resolution for non-performing loans, greater competition in the engineering profession, licensing and energy market, public administration, privatisations and staffing for the new privatisation fund.

Sources said that the heads of the institutions’ missions for Greece will remain in Athens for roughly a week and then return after the Eurogroup meeting on November 7 since the first week of the next month is considered a holiday in Europe.

The scheduled meetings on Friday, according to finance ministry sources, are as follows:

10:00 – 11:30 Finance Minister Euclid Tsakalotos, to discuss the new ‘hyperfund’

11:30 – 12:00 Finance Minister Euclid Tsakalotos, on state arrears

12:00 – 13:00 Education Minister Nikos Filis, on education

16:00 – 17:00 Justice Minister Nikos Paraskevopoulos, on corruption

17:00 – 18:00 Environment and Energy Minister Panos Skourletis, on energy and land cadastre