The Troika will give the 1-billion-euro tranche but wants measures to come back

According to information, the representatives of the Eurozone that lend to our country and are meeting today in Luxembourg to determine the fate of the Greek program say yes to renegotiation, but with conditions and prerequisites. But today's Eurogroup will also judge the fate of the 1-billion tranche that was deducted from our country and which, as protothema.gr revealed about a week ago, our country will lend to EFSF to rescue the Spanish banks!

Our country will be represented by the outgoing Finance minister Zanias. Despite difficulties and twists, the Eurogroup will probably give the green light for the return of the Troika leaders to Athens. The Greek capital is on an open line with Madrid and Rome for the next moves and decisions. Reportedly, the first visit of the auditors will be of an "exploratory nature".

However, the representatives of the lenders will want to set some prerequisites like the completion of work redundancy in the public sector and the acceleration of privatizations. Regarding public servants, our country has undertaken the obligation to have 150,000 fewer employees by 2015, 15,000 mandatory retirements in 2012, reducing the recruitment of teachers, military and police personnel, increasing redundancy on an annual basis and eliminating the vacant positions.

The renegotiating context with the extension of the fiscal adjustment period to 2 years, and an additional loan to our country from the EU and IMF by 16-20 billion euros, will be discussed at the meeting of the Eurozone finance ministers.

Senior members of the finance ministry confirmed the news that finally the tranche of 1 billion for May will never reach our country but will cover half of the additional contribution (by a total of 2 billion euros) in EFSF. This should be followed in June by the next tranche of 4.5 billion euros, which might also lose the remaining 1 billion to support the Spanish banks.