“Gift” worth 5.4 billion euros can be awarded Hellas if the next week’s evaluation is successfully completed, the first simple post-program supervision, which, however, is linked to 22 prerequisites – enhanced supervision balances.

In particular, while the institutions report is positive, Greece can provide not only the final contribution of about 650 million euros through the return of central bank profits from Greek bonds (SMP and ANFA), but also the final cancellation of the 2% interest margin imposed on the 2012 EFSF loan, which is repaid gradually and corresponds to a total of 5.4 billion euros. According to his estimates INSTRUCTIONSin current value corresponds to 3.5 billion euros.

As part of the debt relief measures taken after withdrawing from the memorandum in 2018, Greece was exempted from paying this interest margin, as well as SMP and ANFA refunds. Thus, each “dose” of aid each time reached approximately 760 million euros.

Greece will receive the last such tranche, in case of a positive assessment, before the end of the year. At the same time, however, the possibility of writing off the remaining debts at the expense of the interest margin, which apply to the following years and amount to 5.4 billion euros, is being considered. Thus, this will mean significant debt relief. According to the information, the request has been made and is being considered positively.

This 2% interest margin was imposed on the €11 billion loan Greece took from the EFSF to buy back €31 billion of PSI bonds, thus wiping out €20 billion of debt. Thus, 2% burdened the financial needs of the state by about 220 million euros per year.

However, the evaluation, which started at the technical echelon level and is being carried out at the manager level next Tuesday, is very demanding. In addition to submitting a draft Stability Pact-compliant budget, a requirement likely covered by last Monday’s draft, the 22 prerequisites also include, among others:

– Complete elimination of unpaid pensions and a significant reduction in other arrears.

– Operation of the AADE information system.

– Collect the remaining 30% of the 2021 refund and at least 35% of the 2022 refund.

At the same time, a final contribution of 650 million euros to SMP and ANFA will be made available.

– Significant progress in the implementation of the primary health care system.

– Initiation of a competitive dialogue with investors for the State Agency, which will take over the sale and leaseback of real estate, based on a new bankruptcy procedure.

– Progress in the payment of state guarantees for overdue loans.

– Dramatic reduction of pending cases under the Katseli law.

– In the judicial system, the electronic platform should be put into trial operation.

– 65% of all property rights must be registered with the Land Registry and 95% of forest maps must be approved.

– Comply with the schedules of a number of privatizations such as DEPA, Egnatia Odos, Gournes, Attiki Odos, Alexandroupolis and Igoumenitsa ports, South Kavala underground gas storage and Heraklion port.

– Progress of the transfer of OAKA to the Superfund.

– Codification of labor legislation.