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Memorandum of Understanding on Specific Economic Policy Conditionality

Memorandum of Understanding on Specific Economic Policy Conditionality

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Published by: TheoTheodorides on Nov 10, 2012
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11/10/2012

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1
 
GREECE
(draft 14/10)
Memorandum of UnderstandingonSpecific Economic Policy Conditionality
The disbursements of financial assistance to Greece, by the European FinancialStability Facility (EFSF), are subject to quarterly reviews of conditionality for theduration of the arrangement. The release of the tranches is based on observance of quantitative performance criteria and a positive evaluation of progress made withrespect to policy criteria in Council Decision 2011/734/EU of 12 July 2011 (asamended; hereinafter the Council Decision), the memorandum of economic andfinancial policies (MEFP) and in this Memorandum.The annex on data provision is part of the Memorandum and how well it has beenrespected will be considered in the assessment of compliance.Greece commits to consult with the European Commission, the ECB and the IMFstaff on the adoption of policies falling within the scope of this Memorandumallowing sufficient time for review. The Government publishes a quarterly report inline with Article 4 of the Council Decision.In line with the conclusions of the euro-area summit of 26 October 2011, theGovernment will fully cooperate with the Commission, the ECB and the IMF staff teams to strengthen the monitoring of programme implementation, and will providethe staff teams with access to all relevant data and other information in the Greek administration. However the ownership of the programme and all executiveresponsibilities in the programme implementation remain with the Greek Government.
 
2
 
GREECEMemorandum of UnderstandingonSpecific Economic Policy Conditionality
1
 
Achieving
 
sound
 
public
 
finances
 
...........................................................................................................5
 
1.1
 
Budget
 
implementation
 
.................................................................................................................5
 
2
 
Structural
 
reforms
 
with
 
budgetary
 
relevance
 
.......................................................................................5
 
2.1
 
Privatising
 
to
 
boost
 
efficiency
 
in
 
the
 
economy
 
and
 
reduce
 
public
 
debt
 
........................................5
 
2.2
 
Tax
 
policy
 
reform
 
............................................................................................................................7
 
2.3
 
Revenue
 
administration
 
reforms
 
...................................................................................................7
 
2.4
 
Public
 
financial
 
management
 
reforms
 
........................................................................................
 
11
 
2.5
 
Making
 
the
 
public
 
administration
 
more
 
efficient
 
and
 
effective
 
.................................................
 
13
 
2.5.1
 
Reforming
 
the
 
public
 
administration
 
...................................................................................
 
13
 
2.5.2
 
Avoiding
 
waste
 
and
 
increasing
 
quality
 
through
 
sound
 
public
 
procurement
 
.......................
 
14
 
2.6
 
Completing
 
the
 
pension
 
reform
 
to
 
secure
 
sustainability
 
............................................................
 
17
 
2.7
 
Modernising
 
the
 
health
 
care
 
system
 
...........................................................................................
 
18
 
2.7.1
 
Governance
 
..........................................................................................................................
 
18
 
2.7.2
 
Controlling
 
pharmaceutical
 
spending
 
..................................................................................
 
18
 
2.7.3
 
Reviewing
 
the
 
provision
 
of 
 
medical
 
services
 
contracted
 
by
 
EOPYY
 
....................................
 
22
 
2.7.4
 
National
 
Health
 
System
 
(NHS)
 
service
 
provision
 
..................................................................
 
22
 
2.7.5
 
Centralised
 
procurement
 
.....................................................................................................
 
23
 
2.8
 
Upgrading
 
the
 
education
 
system
 
................................................................................................
 
24
 
3
 
...........................................................................................................................................................
 
25
 
4
 
Strengthen
 
labour
 
market
 
institutions
 
and
 
promoting
 
employment
 
...............................................
 
25
 
5
 
Creating
 
favourable
 
conditions
 
for
 
economic
 
activity
 
......................................................................
 
26
 
5.1
 
Promoting
 
an
 
efficient
 
and
 
competitive
 
business
 
environment
 
................................................
 
26
 
5.1.1
 
Rationalising
 
/
 
eliminating
 
quasi
fiscal
 
charges
 
...................................................................
 
26
 
5.1.2
 
Reducing
 
procedural
 
and
 
other
 
administrative
 
burden
 
.......................................................
 
26
 
 
3
 
5.1.3
 
Enhancing
 
competition
 
........................................................................................................
 
29
 
5.2
 
Reforming
 
the
 
 judicial
 
system
 
to
 
support
 
economic
 
activity
 
.....................................................
 
29
 
5.2.1
 
Review
 
of 
 
the
 
code
 
of 
 
civil
 
procedure
 
..................................................................................
 
30
 
5.2.2
 
Judicial
 
statistics
 
...................................................................................................................
 
30
 
5.2.3
 
Tax
 
case
 
backlog
 
reduction
 
..................................................................................................
 
30
 
5.2.4
 
Non
tax
 
case
 
backlog
 
reduction
 
...........................................................................................
 
30
 
5.2.5
 
Reorganization
 
of 
 
the
 
magistrates'
 
court
 
.............................................................................
 
30
 
5.2.6
 
Development
 
of 
 
e
 justice
 
applications
 
in
 
courts
 
.................................................................
 
30
 
5.2.7
 
Promotion
 
of 
 
pre
trial
 
conciliation,
 
and
 
mediation,
 
and
 
arbitration
 
..................................
 
31
 
5.2.8
 
Other
 
measures
 
on
 
 judicial
 
reform
 
......................................................................................
 
31
 
6
 
Efficient
 
Network
 
Industries
 
and
 
Services
 
.........................................................................................
 
33
 
6.1
 
Energy
 
policy
 
...............................................................................................................................
 
33
 
6.1.1
 
Unbundling
 
effectively
 
network
 
activities
 
from
 
supply
 
activitiess.......................................
 
33
 
6.1.2
 
Provisions
 
regarding
 
the
 
privatisation
 
of 
 
PPC
 
and
 
DESFA:
 
...................................................
 
33
 
6.1.3
 
Ensuring
 
that
 
electricity
 
prices
 
reflect
 
costs
 
........................................................................
 
33
 
6.1.4
 
Improving
 
the
 
collection
 
of 
 
electricity
 
bills
 
and
 
implementing
 
smart
 
metering
 
systems
 
...
 
34
 
6.1.5
 
The
 
Government:
 
................................................................................................................
 
34
 
6.1.6
 
Providing
 
for
 
a
 
financially
 
sustainable
 
development
 
of 
 
renewable
 
energy
 
sources
 
............
 
34
 
6.1.7
 
Planning
 
the
 
development
 
of 
 
the
 
electricity
 
market
 
in
 
the
 
medium
 
to
 
long
 
term
 
..............
 
35
 
6.1.8
 
Fuel
 
distribution
 
...................................................................................................................
 
35
 
6.2
 
Electronic
 
communications
 
.........................................................................................................
 
36
 
6.3
 
Transport
 
.....................................................................................................................................
 
37
 
6.3.1
 
Road
 
......................................................................................................................................
 
37
 
6.3.2
 
Maritime
 
Activities
 
and
 
Ports
 
...............................................................................................
 
38
 
6.3.3
 
Aviation.................................................................................................................................
 
38
 
6.3.4
 
Railways
 
................................................................................................................................
 
39
 
6.4
 
The
 
Retail
 
Sector
 
..........................................................................................................................
 
39
 

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