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.