Greece will receive a second tranche of funding from the European Union (EU) and International Monetary Fund (IMF) because Athens has fulfilled the conditions prescribed in its austerity plan, announced by the Minister of Finance in the Weekly Kosmos tou Ependyti.
Representatives of the EU, IMF and European Central Bank (ECB) will be in Athens on Monday to verify that Greece is well implemented its austerity program and grant further financial assistance to nine billion euros.
Athens has already received an initial payment of 20 billion euros of its European partners and the IMF in May
"The release of the second tranche depends on our ability to achieve the objectives that we were asked to reach at June 30, George Papaconstantinou said in an interview with the newspaper.
"These conditions have been met and we have taken another step in adopting the bill on pension reform."
The minister also reiterated his call for a consolidation of the Greek banking sector to supply the market with liquidity and to support the economy.
"Any decision that leads to larger groups with higher levels and sufficient capital, to international developments and economies of scale will help in this direction," he said.
Then Piraeus Bank has proposed to buy out of state in Hellenic Postbank (TT) and ATEbank George Papaconstantinou said the government does not decide on this offer as his advisers have not completed their assessment.