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Finance ministry official: Omnibus bill with ‘prior actions’ next week

A finance ministry official told reporters in Athens on Friday that an omnibus draft bill will be tabled by the leftist Greek government next week in order to fulfill all the “prior actions” demanded by institutional creditors ahead of a second review of the Greek program (third bailout).

The statement came after the end of negotiations this week between the government’s top ministers and representatives of institutional creditors, known collectively as the “quartet”.

Only two out of 15 “prior actions”, measures and legal revisions left over from the first review in May, have been implemented so far.

Nevertheless, the same official appeared optimistic on Friday, saying more differences were “smoothed over” by the end of the week.

Specifically, the last details concerning a new super privatization fund will reportedly be resolved in the coming days, with “major progress” also reported on a draft bill concerning electronic transactions.

Conversely, the government’s plan to allow businesses a bank account that is “immune” from court-ordered obligations towards third parties – a promise made by Greek Prime Minister Alexis Tsipras himself – appears to have been scrapped by the “quartet”.