Greek finance minister Euclid Tsakalotos will meet with fellow Eurozone ministers in Brussels later today following several hours of negotiations in Athens last week where the two sides agreed on a series of contentious reforms, including the sale of four Public Power Corporation lignite plants across the country.
The talks involve the approval from the EU of a staff level agreement (SLA). In addition to that, Athens must implement various economic reforms over the next few weeks and the Greek government is expected to bring a multi-bill to Parliament in the first half of January legislating some 100 prior actions.
Talks on the third review, which is due to end next year, had progressed surprisingly smoothly thus far. It appears that the IMF will retain an impartial role until February, when a decision is expected on whether it will participate in the third program or not.
In a statement with European Economic and Monetary Affairs Commissioner Pierre Moscovici in Lisbon last week, Greek prime minister Alexis Tsipras appeared upbeat about the country’s prospects for growth and recovery. “The Greek people’s sacrifices must finally be rewarded,” Moscovici said.