(26 June20h00)List which takesaccountofthe proposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25 June

{ 5"\,fuflu:[wrc=r
oF''dfS.h-,

T a b l e I G r e e c e ;P r r o r A c t t o n s

Policy

z-'- As \ (

d'.

Actions to be taken in consultation with ECIECBIMFstaff:

1. 2015 supplementary budget and 2O16-19MTFS

.[..xadst;.

{ac nf*rft

Adopt effectiveas of July L,2015 a supplementary20L5 budget and a 201-6-19medium-termfiscalstrategy,

supportedby a sizableand crediblepackageof measures.
Thenewfiscalpath is premisedon a primarysurplustarget
of L,2,3, and 3.5percentof GDPin 2015,2016,20L7and 2018.ThepackageincludesVATreforms(112),
othertax
policymeasures(113),
pensionreforms(114),
publicadministrationreforms(115),
reformsaddressingshortfallsin tax
collection
L
(
enforcement(116),
and other parametricmeasuresas specifiedbelow.

i'l'*e\, n''TK
2o15'->
( 5, (,'bt5)aorn--r:'1"
r.\

1 r,*., b,)

2. vATreform

"

f.

0' oT\*, r.,.,goq Qq,il6*n,f;r,H:ii:;i:"*#5"J""f:T".Ii::1i,i".",fi1Ji,1i,Ti,:i",lii"'lilf;,'"""""",

",n^

lou(.ltcp

9.olS

?'.( "=:.q:oTp,or- "e*r

v-e-zeerrtk

l3'/.

ar.o

6resnas.no.d2rpe,centrare.wmchwi'incrude^staurant,andc.terine.andared,."riT"J,:ll;i:,:*,*
5co13/,r4".'0nu-p,t..c
basicr@dseqv,hoter'andwate,(dcrudinssesaee),andasupeF,educedteor6"*T:::lj'lfi'ilj::
<.1 SOO*
"L*,4,,'i

',Lffq; ,
illil"1llltr;i,l;{1,1T,,lTlffii[ig'iil,I'f;H;T-^"J$:fru;b

; cr,,o&)ts1$";".*","

ae=**e

code;raisethesotidaritysurcharge;
UOtt6trlt-rs>

q,Xarprrt{ 5

,^.

^. l

-,"

sl"r,

z^- -.-

Adopt legislation
to:
r closepossibilitiesfor incometax avoidance(e.g.,tighten the definitionof farmeis),take measuresto increasethe
corporateincometax in 2015and require100 percentadvancepaymentsfor corporateincomeas well as
individualbusinessincometax by end-2016;eliminatethe preferentialtax treatmentof farmersin the incometax

aoJ61dn,
X,q a'le',af,o?
Ucq

thevArdredenbedabovemaybrevi4edattheendof2o16,
prcvidd
thatequiv.re.t

i:i:'#1ff[:S;1':#'*:i1lffi::T:flfli*"#il:il1ilX,ffi"ll"l]'i:;-:'
*N.r.i"--"
t* *" '
d'Fril*i,I.1t
q uqpu*u5rLa\

3.,,_,,o".,''^j]
tcc'/, flFilaz-c.fl"XlQorpo.

"f

LWv CtlfCA;V/

o/UeiM

Z,r"p

abolishsubsidies
for exciseon dieseloil for farmersand bettertargeteligibilityto halveheatingoil subsidies
expenditurein the budget 20L6;

t/\

thrxn z o J
6,ocp$)

drna-

"

r,

-J";accountofproposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25June

ttO June20h00)List which takes
n I
t"\t(wo1zu' At
*",r"-""
lil n^;".,
JA ."r ooo:e=
' | ^

'

reducethe expenditure
ceilingfor militaryspendingby 400millionwith a targetedset of actions,includinga
reductionin headcountand procurement;
introducereform of the incometax code,inter alia coveringcapitaltaxationl,investmentvehicles,farmersand the
self- employed,etc.;

ArF f ?-s.r &!flY6tu gg

/ \

A&?tq,2v

raisethe corporatetax rate from 26/o to 28%;

introducetax on televisionadvertisements;

&O

pO,

Q,"G'l$cR;

publictenderfor the acquisition

announceinternational
of televisionlicenses
and usaqerelatedfeesof relevant

rrequencies;
(Sto6*ur6!ro!

bq

\r)

ts\esr\u,rr;

,lhe7

extendimplementationof luxurytax on recreational

vesselsin excessof 10 metersand increasethe rate from Llo/o
tol3o/o,comingintoeffectfromthecollection
of 20L4incometaxesandbeyond;
GV(rOaAX
t3'1.
\_ev
(GGR)taxationof 30% on VLTgames,expectedto be installedat secondhalf of
extendGrossGamingRevenues
2015and 20L6;and

o launchthetenderprocessfortheissuinsof4Gand5Glicences.
S,Or\tU,41C NUr"gXn

{ opt n,A"fidt
a

''-+"0r, 4rS-q)

rcf*p*,,^

4. Pension reform

(A-,Nbf.s- , c ffi,lTH::Tffi:iil'"",lfi[:nl.':H'ffTffi;:il;:';.1Tffi1:Hi:il:::][::',fiJ1;;:-hv'ih
L+qpts4
O\O-sustainability.factorsfursupplementaryandlump-sumpensionsfromthe20L2reformtoachieveequivalentsavings
n
n I ( k,..
/^ I

{.)\SG

t g:

* ?\ vro

"{o

A.

vl},

)Oq
1*;

\z,o

s^Od

andtakefurtherstepsto improvethe pensionsystem.

Effectivefrom July 1, 2015the authoritieswill phase-inreformsthat would deliverestimatedpermanentsavingsof %% percentof GDPin 2015and 1 percentof GDPon a full yearbasisin 2016and thereafterby adoptinglegislation
to:
.
createstrong disincentives
to earlyretirement,includingthe adjustmentof earlyretirementpenalties,and
through a gradualeliminationof grandfatheringto statutoryretirementage and earlyretirementpathways
progressivelyadaptingto the limit of statutoryretirementageof 67 years,or 62 and40 yearsof contributionsby
2022,applicablefor all those retiring(exceptarduousprofessions,
and motherswith childrenwith disability)with

Llnt Co-

\-rs.r
{eh4,"iy^u
Eo1"1"
r\ r \
t'i'S[t'"^\ Stqt*Ec- =-ruw Altl/
t-

ew ffia u
d<ucwt
,)
7ro
CLs I V

( 2 6 J u n e 2 0 h 0 0 ) L i s t w h i c h t a k e s a c c o u n t o f p r o p o s a l s o f t h e G r e e k a u t h o r i t i e s r e c el 4i v, 2
e2
da
ond
S2, 5 J u n e

'l$,,1
ec.Sc, o
o*,l"Fy..
<-ur!

Q6r q

ono <\s pudlscyffill1l"

a d o p t o u t s t a n d i n g r e f o r m s o n t h e c o d e s o n i n c o m e t a x , a n d t a x p r o c ei ndtur roedsu:c e a n e w C r i m i nLaal w o n T a x\ ) l

Evasionand Fraudto amend the SpecialPenalLaw2523/7997and any other relevantlegislation,and replace
Article55,'llsl and 2, of the TPC,with a view,interalia,to modernizeand broadenthe definitionof tax fraudand
includingthoseleviedunderlaw 2523/1997
evasionto all taxes;abolishall Codeof Bookand Recordsfines,
with the ITCand in
vehiclesand their participants
consistently
investment
developthe tax frameworkfor collective

u 5,4\q2.,,

Lurxrirpus.-ru$t npoor"toA.K-.1$"tZ..b
<SnlcAgpu2> ZrL\t

n\o.,ul r,rer L\a\OpSy

(
(

7h

)(tQ

['

I
1e

L,/\)U I

+
{"

u 5 (6v
<,u>
oW.A

(.tr-,0.1
I

!,
Zw

.ri

Clo aev57
Ct
a

E-

-? at 5 -l d1qoub(dt{
flo.,
7n tgp.qrc
,Eq
b^^t
C\ocrv4>

*;

d,lirI;;Xi;

bulr"S;*l-r,l*;

increase
the rateof the tonnagetax and phaseout specialtax treatmentsof the shippingindustry.

"?

cul

tZrt-rr.4.r

i );r e - d e s i g n a n d i n t e g r a t e i n t o t h e I T C t h e
B y S e p t e m b e r 2 0 1 5 , ( i ) s i m p l i f y t h e p e r si nocnoam
l e t a x c r e d i t s c h e d u( li e
Cl) 0&dirrt'
l l' u " , t u , , Z r , , t u '
achieveprogressivity
in the incometax system;(iii)issuea
for incomeof 2OL6to moreeffectively
sofidaritysurcharge
OOr,, ,,^s (lt i
\rp0 /
reforms I i\' 2 :"Y
application
of the TPC;(iv)and other remaining
and consistent
circularon finesto ensurethe comprehensive
-qbp*.q,)

c'Q^f(j\;
Reporr
No.14i1s1.&r
in1re
ortherMFcountry
asspeciried

Ollt\Tr\rr">

6Zov

-'L::&ihq

Lwq

"'qFoZ;t

(ii)reduceas a first
withoutexceptions,
re-establish
full INN prescription,
On heafthcare,effectiveas of July1,,201-5,(i)
stepthe priceof all off-patentdrugsto 50 percentand all genericsto 32.5percentof the patentprice,by repealing
alreadyin the marketin 2012,and (iii))reviewand limitthe pricesof
clausefor medicines
the grandfathering
^
e ln d i n g i n l i n e w i t h c l a w b a c k t a r g a
en
t sd; ( i v )c o l l e c t i n t h e f u lt lh e 2 0 1 4 c l a w b a c k A r . ^ ^ " ' , . .
d i a g n o s t i c t e s t s t o b r i n g s t r u c tsupr a
'ft
and pharmaceuticals,
and extendtheir2015glawbackceilingsto 2016. Lo.rv Z4 Fdrr
for privateclinics,
diagnostics
:--'

t1I
,bi'sf4"v
o
eKtr
6Ut'1\) ct
FP'
c) Qjao6 o)

Qol\o .p;

t,o

61d
' ' Xve
(ypotosos);
(iii)
andaccount
officers
*'il"i. ."-i
siveGDFSs
il; ffi;-;";ffi;;
k*Wl L+> Nctrt>
"i'oroli",r
powers
O I
finances;^and
and (iv)phaseout fiscal
to overseepublicsectorfinances;
exclusive
financialservicecaoacitv
capacityand GAODowers

rori"'/nitras*-61.;
auditorrices
byJanuary

r--

u_B5r
C

----

q\*

i\J

LAN

(p{>

Oo,vruo- [GE,uo>

X\o. Q*.\tu

nl
*J
the VJJ -ef6nt
withholding
act(lawXXXX/2015)
andreverse
taxintroduced
bytheinstallments
thecross-border

vol,
-ro',F
.,Sff;iiJ
cz,crs
j{l
il;T:TI'UT
;":t'
$-'q1"', H;.1^,'
;]:l;li
[o"t3

AvLl(rr [& rq,rryntr,,rV

N.s

to safeguardthe
in view of any revisionof the zonal propertyvalues,adjustthe propertytax ratesif necessary
minimumpersonalincome
at 2.65billionand adiustthe alternative
201-5and 201-6orooertvtax revenues

\-0

'
^J
f'N
%

<'5ez'o@cu"
% f6td9t +E
'H$,.","."n."t*kxkkh,,,,*?"
",,n?fi"l,frl"u

ot the W
Launchthe SocialWelfareReviewunderthe agreedterms of referencewith-thetechnicalassisfance
to targetsavingsof r/zpercentof GDPwhichcan helpfinancea fiscallyneutralgradualroll-outof the GMI in January

2016.
\
Adoptlegislation
to:
V

l-(aw$1tr,- !-^,r.,b.

P"-oJ

trbax qar*

t"

(26 June20h00)List which takesaccountof proposalsof the Greekauthoritiesreceivedon 8, I 4" 22 and25 June
immediateapplication;
adopt legislationso that withdrawalsfrom the SocialInsuranceFundwill incuran annualpenalty,for those
affectedby the extensionof the retirementage period,equivalentto L0 percenton top of the currentpenaltyof 6
percenr;

z,o> 61v691h+/

3-$t

-1" bc6"'r"'a
f\go-Ezrl," lo'l G,-6^tu *!cwv

6,11e;J.:

do

jz-^e ,***

?^J

et@a,, .9o'l' d L7'57

(UnnA]*

pension;ArA"
oGAuninsured
bettertargetsocialpensions
by increasing

Graduallyphaseout the solidaritygrant (EKAS)

for all pensionersby end-December2019.Thisshallstart
with the modalitiesof the phaseout to be agreedwith the
immediatelyas regardsthe top 20% of beneficiaries
\
institutions;

freezemonthly guaranteedcontributorypensionlimits in nominalterms until 2021;

provideto people retiringafter 30 June2015the basic,guaranteedcontributory,and meanstgqted pensio,rrs

only
01
at the attainmentof the statutorynormal retirementage of currently67 years; U C)$ ^ -b.Pi,
o

UN
d('$\

ert-, 7'- Z" tt

+f

</.\J:r,/

flS6WfO

bXTU\^I\

t^!.

i,n

increasethe healthcontributionsfor pensionersfrom 4o/oto 6% on averageand extendit to supplementary

pensions;
AUtr"s.l

usn^ <Ul 6fr Eupie,

ebtpoOLo,

$x lnorR17,
c-r)np{)
|

phaseout all state-financed

and,harmonize
contributionrulesfor all pensionfundswith the_structure.1
exemptions
'O1C>
<v"
q
Ol
\ TAr for m
r rLuJtuy tzyu2l0>L; 5 ; \ ) " \ u - )
ofcontributionstorK
om
\ 7) lr
6 wWf .(oLt$f 7
O
U S' ^
f- z \ O \ Y , n
-7 _
L
U
,
(-,4
< W4-

Auj,.or rLn> 2,6p-7aZur, ASpoz"t G^vOt4

(\

rJl

r^\or,h 6"A6ox
\

?-.s tbA

auaT

Moreoveqin order to restorethe sustainability

and improvethe structureof the pensionssystem,the authoritieswill
by 3L October2015,lEgislatefurther reformsto take effectfrom January1,,20L6 (i) specificdesignand parametric
improvementsto establisha closerlink betweencontributionand benefits;(ii) broadenand modernizethe
includingby switchingfrom notionalto actualincome,subjectto
contributionand pensionbasefor all self-employed,
minimum requiredcontributionrules;(iii) reviseand rationalizeall differentsystemsof basic,guaranteedcontributory
and meanstested pensioncomponents,taking into accountincentivesto work and contribute;(iv)the main elements
includingany remainingharmonization
of contributionand benefitpayment
SSFsconsolidation,
of a comprehensive
(v)
pensions
procedures
chargesfinancing
and offsetby reducing
rulesand
acrossall funds; abolishall nuisance
from
October
20L5;
and (vi) harmonizepension
in
funds
to
take
effect
31
benefitsor increasingcontributions specific
benefitrulesof the agriculturalfund (OGA)with the rest of the pensionsystemin a pro rata mannel unlessOGA is

l"'> z- 9A1'l

G"ols-

Uon fir foup,k.r' 41 ,

olo 7n r,l-or,lr,

integrateinto ETEAall supplementarypensionfunds andrensurethat, startingJanuarvt.2015. all suoolementary

pensionfunds are only financedby own contributions; 6tO
ll.rf - g f S t4

(1.

q 69
c|,6}v^2
"7o
t

I I
I
r
Orf51b

n
I t
+*

(26 June20h00)List which takesaccountofproposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25 June

ztur,/
6npi**t
.G\t-t.r"r

mergedinto other funds.The consolidationof socialinsurancefunds will take placeby end 2017.In 2015,the process
fundsundera singleentityand the operational
the socialinsurance
to consolidate
will be activatedthroughlegislation
in the operatingcostsand a more
2016.
Further
reductions
31
December
by
will
have
been
completed
consolidation
effectivemanagementof fund resourcesincludingimprovedbalancingof needsbetweenbetter-offand poorer-off
fundswill be activelyencouraged.

A\-g*"1

7-o,: *n
6\r\n.>\h)

r,t'A RnbQue'a

h^

d-

The authoritieswill adopt legislationto fully offsetthe fiscaleffectsof the implementationof court r.r"l,ng,on the 2012
oensionreform.
In parallelto the reform of the pensionsystem,a SocialWelfareReviewwill be carriedout to ensurefairnessof the
variousreforms.
The institutionsare preparedto take into accountother parametricmeasureswithin the pensionsystemof equivalent
effectto replacesome of the measuresmentionedabove,taking into accounttheir impacton growth,and provided
that such measuresare presentedto the institutionsduring the designphaseand are sufficientlyconcreteand
quantifiable,and in the absenceof this the defaultoption is what is specifiedabove.

5. Public Administration, Justice and Anti Corruption

Adopt legislationto:
.

reformthe unifiedwage grid, effective1January,2016,settingthe key parametersin a fiscallyneutralmannerand

applicationacrossthe publicsector,
consistentwith the agreedwage bill targetsand with comprehensive
in connectionwith the skill,
wage
spectrum
wage
across
the
distribution
includingdecompg:ssingthe
performanceand responsibilityof staff.(Ihe authoritieswill alsoadopt legislationto rationalisethe specialised
2015);
wagegrids,by end-November

P ;wvt -{'u8;'

6--o " N,r\^;srs

per diems,travel allowancesand perks,with best practicesin

align non-wagebenefitssuchas leavearrangements,
the EU,effective1 January2016;
with
withinthe new MTFSceilingsfor the wagebill and the levelof publicemploymentconsistent
establish
2019;
path
GDP
until
wage
bill
relative
to
of
the
a
declining
fiscal
targets
and
ensuring
achievingthe
hire managersand assessperformanceof all employees(withthe aim to completethe hiring of new managersby

(26 June20h00)List which takesaccountofproposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25 June

31 December2015 subsequentto a reviewprocess).

A6u1,q 6z,C)tature6'"
,l- A-f
enrq

aL

reformthe Civil ProcedureCode,in line with previousagreements;

7rO

strengthenthe governance
of ELSTAT.
It shallcover(i)the roleand structureofthe Advisorybodiesofthe
HellenicStatistical
System,includingthe recasting
of the Councilof ELSS
to an advisoryCommitteeof the ELSS,
(ii) the recruitmentprocedurefor the Presidentof
and the role of the Good PracticeAdvisoryCommittee(GPAC);
ELSTAT,
to ensurethat a Presidentof the highestprofessionalcalibreis recruited,followingtransparent
proceduresand selectioncriteria;(iii)the involvementof ELSTAT
as appropriatein any legislativ"e
or other legal
proposalpertainingto any statisticalmatter;(iv)other issuesthat impactthe independenceof ELSTAT,
including
financialautonomy,the empowermentof ELSTAT
to reallocateexistingpermanentpostsand to hire staffwhere it
is neededand to hire specialisedscientificpersonnel,and the classification
of the institutionas a fiscalpolicybody
in the recentlaw 4270/2014;role and powersof Bankof Greecein statisticsin line with Europeanlegislation.

. A,,s6"o 6Lu-n'

\! n \Cu'1 ?+

.:

C\
""F\'r^t\\
Q'* t,u.qStrf

Publisha revisedStrategicPlanagainstCorruptionby 3L July2015.Amendand implementthe legalframeworkfor the

declaration
of assetsand financingof the politicalpartiesand adopt legislation
insulating
financialcrimeand anticorruptioninvestigationsfrom politicalinterventionin individualcases.
6. Tax administration
Takethe following actionsto:
. Adopt legislationto establishan autonomousrevenueagency,that specifies:(i) the agency'slegalform,
organization,
status,and scope;(ii)the powersand functionsofthe CEOand the independentBoardof
(iii)the relationship
Governors;
to the Ministerof Finance
and other governmententities;(iv)the agency'shuman
(v)
resource
flexibilityand relationship
to the civilservice; budgetautonomy,with own GDFSand a newfunding
formulato align incentiveswith revenuecollectionand guaranteebudget predictabilityand flexibility;(vi)
reportingto the governmentand parliament;and (vii)the immediatetransferof all tax- and customs-related
capacitiesand dutiesand all tax- and customs-related
staff in SDOEand other entitiesto the agency.

V".,oely "f

ffpoqA610^

<-r>
z,t],a.J

rfor

'upr.a Gu* cr6z,u)

\

on garnishments,
adopt legislation
to eliminatethe 25 percentceilingon wagesand pensionsand lowerall
thresholdsof L,500while ensuringin all casesreasonableliving conditions;accelerateprocurementof [T
infrastructureto automatizee-garnishment;improvetax debt write-off rules;removetax officers'personal
liabilities
for not pursuingold debt;removerestrictions
on conductingauditsof tax returnsfrom 2012subjectto
the externaltax certificatescheme;and enforceif legallypossibleupfront paymentcollectionin tax disputes.
amend(i)the 2014-15tax and SSCdebt instalment
schemes
to excludethosewho fail to pay currentobligations

t{d)
A
' ),t^
(
Y

T-CL\,

qJ

JeJrq-z
ruzb)vV
Y' dl'v ee,kqv
b"(v t
I
-1*:A
,lJ
\

'P?

<)
<7

L_/\
-/\a

(_
3.>

u(Ir

a-

(r\

IU

l""r)

(26 June20h00)List which takesaccountofproposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25 June

to shortenthe durationfor thosewith
for the tax and socialsecurityadministrations
and introducea requirement
the capacityto pay earlierand introducemarket-basedinterestrates;the LDUand KEAOwill assessby
1 million(e.9.verifytheircapacityto pay
20L5the largedebtorswith tax and SSCdebt exceeding
September
to adjustthe market-basedinterestratesand
and take correctiveaction)and (ii)the basicinstalmentscheme/TPC
and bankguaranteerequirements
third-partyverification
suspenduntilend-201-7

1..t) il^'7-1Q'
(e,6Q,epoa.

n r

c,ro.,uS,'*n:.'**?

hfs'x?;';il
()

-\

iro.L*d

<)

adopt legislationto acceleratede-registrationproceduresand limit VAT re-registrationto protectVAT revenues

and accelerateprocurementof networkanalysissoftware;and providethe PresidentialDecreeneededfor the
significantlystrengtheningthe reorganisationof the VATenforcementsectionin order to strengthenVAT
will submitan application
to the EUVATCommittee
and combatVATcarouselfraud.Theauthorities
enforcement
VAT
threshold
to
25.000.
in the
of the implicationof an increase
and preparean assessment
measures
for locatingstoragetanks(fixedor mobile);
combatfuelsmuggling,via legislative
deposits,by checkingbank
fight to tax evasionand undeclared
producea planwherebythe SGPRintensifies
transactionsin bankinginstitutionsin Greeceor abroad,with a view to recoverunpaidtaxes;

q\\onr\-c'

developa costedplan for the promotionof the use of electronicpayments,making useof the EUStructuraland
InvestmentFund;

7. Financialsector
lawsincludingto coverall debtorsand bringthe
to the corporateand householdinsolvency
Adopt (i)amendments
corporateinsolvencylaw in line with the OCW law;(ii) amendmentsto the householdinsolvencylaw to introducea
mechanismto separatestrategicdefaultersfrom good faith debtorsas well as simplifyand strengthenthe procedures
the judicial
to improveimmediately
to addressthe largebacklogof cases;(iii)amendments
and introducemeasures
frameworkfor corporateand householdinsolvencymatters;(iv) legislationto establisha regulatedprofessionof
not restrictedto any specificprofessionand in line with good cross-countryexperience;(v)
insolvencyadministrators,
strategyfor the financialsystem:this strategywill build on the strategydocumentfrom 2013,taking
a comprehensive
into accountthe new environmentand conditionsof the financialsystemand with a view of returningthe banksin
privateownershipby attractinginternationalstrategicinvestorsand to achievea sustainablefunding model over the
mediumterm; and (vi)a holisticNPLresolutionstrategy,preparedwith the help of a strategicconsultant.

F{u=ob\o &, f]^xnr//\,b &,q,0 (

(26 June20h00)List which takesaccountofproposalsofthe Greekauthoritiesreceivedon 8, 14,22 and25 June

8. l-abourmarket

tno,opofldz,Abtu nedF tec';ottrM

SiltXf

'f

Crc
-L\.",
Ttttt

;\w

krV

\'rc*rIt

o, htp,*1Xu{ n
Q e ",L*utu

*e1ohci^ [e <-

6t
UO

process
Launch
a consultation
similarto thatforeseen
for the determination
of the levelof the minimumwage(Art
103of Law4L72/20L3)
to reviewthe existingframeworks
of collective
dismissals,
industrial
action,andcollective
bargaining,taking into accountbest practiceselsewherein Europe.Furtherinput to the reviewdescribedabovewill
be providedby international
organisations,
includingthe ILO.Theorganization
and timelinesshallbe drawnup in
consultationwith the institutions.No changesto the currentcollectivebargainingframeworkwill be made prior to
the conclusionof the reviewand in any casenot beforeend-2015.Any proposedchangesto the legislative
frameworkswill only be adopted in agreementwith the ECIECBIMF.
The authoritieswill take actionsto fight
undeclaredwork in order to strengthenthe competitiveness
of legalcompaniesand protectworkersas well as tax
and socialsecurityrevenues.

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impfementall the pendingrecommendations

of the OECDcompetitiontoolkit I, includinginter oliatruck licenses,
and the oEcD toolkitII recommendations
on beverages
and petroleumproducrs;

On electricitymarkets,the authoritieswill reformthe capacitypaymentssystemand other electricitymarketrulesto

avoidthat some plantsare forcedto operatebelowtheir variablecost,and to preventthe nettingof the arrears
betweenPPCand marketoperator;set PPCtariffsbasedon costs,includingreplacementof the 20%discountfor HV
userswith cost basedtariffs;and notify NOMEproductsto the EuropeanCommission.
The authoritieswill also
continuethe implementationof the roadmapto the EUtarget model preparea new frameworkfor the supportof
renewableenergiesand for the implementationof energyefficiencyand reviewenergytaxation;the authoritieswill
strengthenthe electricity
regulator's
financialand operational
independence;

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10. Privatization

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To facilitatethe completionof the tenders,the authorities

will completeall governmentpendirfgactionsincluding
those neededfor the regionalairports,TRAINoSE,
Egnatia,the ports of Pireausand Thessaloniki
and Hellinikon
(preciselist in Technical
Memorandum).
Thislistof actionsis updatedregularlyand the Government
will ensure
that all pendingactionsaretimelyimplemented.

Thegovernmentand HRADFwill announcebindingbid datesfor Piraeus

portsof no laterthan
and Thessaloniki
end-October20L5,and for TRAINOSE
ROSCO,
with no materialchangesin the terms of the tenders.

The governmentwill transferthe state'ssharesin OTEto the HRADF.

Takeirreversiblestepsfor the saleof the regionalairportsat the currentterms with the winning bidder already
selected.

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The Boardof Directorsof the HellenicRepublicAssetDevelopmentFundwill approveits AssetDevelopmentPlan

whichwill includefor privatisation
all the assetsunderHRDAFas of 3L/12/2014;
and the Cabinetwill endorsethe

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