The Minister of Finance Euclid Tsakalotos has detailed eight prior actions which the Greek government will be unable to implement, in a letter to the European Commission’s Pierre Moscovici, the ECB’s Benoit Coeuré and IMF’s Poul Thomsen.
In his letter the Greek Minister argued that these prior actions cannot be implemented either because the government majority has struggled with passing difficult bills through Parliament, either the issues posed by the institutions have been exhausted in technical discussions. In total the government has about 150 prior actions to implement, although a government source noted that many of these are corrections in wording.
One of these eight prior actions relates to energy and specifically the government’s alternative plan to the privatization of the country’s independent power transmission operator ADMIE. Other ‘red lines’ for the Greek government include the abolition of special pensions granted in cases of accidents and changes to special payrolls in the public sector.