Greece’s liquidity will be guaranteed for the next decade if the terms of the July 21 Eurozone Bailout Agreement are not changed for the new loan, a senior finance ministry official on Tuesday said.
The country’s needs for the specific period of time are estimated to 80-90 billion euros, while the loan will be 109 billion euros, the official clarified.
However, all pending issues, such as, the labour reserve measure, the unified pay scale in the public sector, labour relations, the deregulation of the so-called “closed professions”, the adoption of new taxation system, etc., will have to be settled by the government through a parliamentary vote.
The troika (EC-ECB-IMF) report on the Greek economy is likely to be announced before the Eurozone Summit meeting on Oct. 23, the ministry of finance official added.