Thursday, August 20, 2015

New elections in Greece on September 20 – Tsipras resigns as prime minister – Aftenposten

* Greece and its creditors on Tuesday agreed the details of how the reforms in the country will be implemented for the loan agreement shall come into force. The list shall be on 35 points.

* The National Assembly will likely approve the agreement Thursday. Then you need the euro group and some other national parliaments in EU countries consent.

* Earlier this summer said the government agreed to a number of major reforms, including a new tax system, changes to the pension system and that the country will collect more in tax revenue.

* Among the reforms Greece must implement are:

* Obtain cheaper generics.

* Reforming the social system.

* Strength police work against economic crime.

* Reforming the pension system.

* Stopping tax cuts on the Greek islands by 2017.

* Introduce financial market reforms proposed by the OECD.

* Greece must continue its major privatization program which is underway. It involves the sale of a number of state companies and functions as water and electricity companies, highways and country estates.

(Sources: Ekathimerini, AFP, NTB)

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