European Commission to support Greece BRRD?

In Greece, the next event is another vote in the Greek Parliament on Wednesday (on civil procedures and the bank resolution directive). The Greek side is still working on a moratorium for repossessing primary residences. 

Meanwhile, legislation on pension reform and taxation of farmers was left off the list of measures for this Wednesday (originally they were included) although a European official says that these were always due to be voted on in the next package of measures in early August.

Greece has to adopt a second set of measures by Wednesday 22 July. According to the summit statement from 12 July, these include "the adoption of the Code of Civil Procedure, which is a major overhaul of procedures and arrangements for the civil justice system and can significantly accelerate the judicial process and reduce costs;the transposition of the BRRD with support from the European Commission. 

" BRRD stands for the EU's Bank Recovery and Resolution Directive. The legislation will surely pass, as the centre-right and centre-left opposition parties ND, PASOK and The River will support it", says Nordea Bank. 

Once this will be done, Greece has delivered the "prior actions" demanded so that negotiations about a Memorandum of Understanding (MoU) can start. The MoU is about all the details of policy conditionality attached to the financial assistance.