FinMin: ‘The omnibus bill includes what was agreed’

October 16, 2015
Written by E.Tsiliopoulos

The omnibus bill on prior actions which the government has tabled in parliament includes solely the measures that were agreed upon between Greece and its partners, Finance minister Euclid Tsakalotos told lawmakers during the plenum debate on Thursday.

"The omnibus bill is what we have agreed [with the lenders],” the minister said, responding to claims of the opposition that the government has also added laws that are not included in the country’s agreement.

The minister said the agreement includes about 48 prior actions but only 12 or 15 of those have been introduced in the bill, which are the ones that are necessary to unlock the 2-billion-euro loan tranche.

He also reiterated his view that recession in the third quarter of the year will be lower than initially estimated.

Commenting on the creation of a unified bank account for the State’s cash reserves, Tsakalotos clarified that the government’s aim is to improve the management of its finances and achieve higher interest rates and better economies of scale and not to hinder the disbursement of funds by the local administration.

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