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Major Issues of Greek Bailout Program Allegedly Solved in Talks on Second Review

© AP PhotoGreece Bailout
Greece Bailout - Sputnik International
"A few scattered matters remain pending" after the talks with international inspectors on the Greece's bailout program, which include some harsh economic measures that the country’s government has been reluctant to take so far.

MOSCOW (Sputnik) — The biggest issues of Greek bailout program have been resolved in talks with international inspectors, local media reported on Thursday, citing government sources.

"We have solved the seven or eight major issues and a few scattered matters remain pending," an anonymous government official said, as quoted by the Kathimerini newspaper, adding that the issues that remain include economic reforms opposed by the country’s government but insisted upon by the International Monetary Fund (IMF).

According to the media, Greek officials and international inspectors are hoping to resolve the remaining issues over the weekend to start drafting a bill which would lay out the new economic measures, including further pensions cuts and tax base expansion.

Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo. - Sputnik International
Greece Urges IMF to Return 'to Reality' on Bailout Ahead of Eurogroup Meeting
According to the Parliament Speaker Nikos Voutsis, the vote on the new bill is expected to take place in the first 10 days of May, but no later than May 14, when Prime Minister Alexis Tsipras is scheduled to visit Beijing, the media added, stressing that the government aims to complete this bailout review before the Eurogroup summit, scheduled to take place on May 22.

In July 2015, Greece signed a deal for a third bailout package worth 86 billion euros ($93 billion) in exchange for austerity reforms that include pension cuts and tax hikes. The list of lenders includes the European Central Bank (ECB), the IMF and several Eurozone nations.

A number of tranches were unlocked in 2016 following a successful Eurogroup review of Greece's fiscal and labor market reforms, but further disbursements depend on the stalling current — second — review by eurozone finance ministers.

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