Creditors in deliberations with Greek side over distribution of 'social dividend'

Tuesday, 14 November 2017 13:45

By V. Kostoulas

Institutional creditors are in talks with Greek authorities over distribution of a "social dividend" announced on Monday evening, although deliberations "appear aligned" but are not yet concluded, sources in Brussels told "N" a day later.

"These announcements must be studied and the discussion must conclude with the (Greek) authorities," was the gist of reactions by creditors.

Nevertheless, one concern is whether a chunk of the "social benefit", namely, 360 million euros, to be funneled to the dominant and state-run power company, the listed Public Power Corp. (PPC), is an indirect state subsidy, if judged by Community law.

In any case, creditors' are more-or-less taking a "wait-and-see" attitude.

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