ocp192_en

ANNEX29 Adopt legislation permitting the Debt management office to conduct various Observedmarket operations. Adopt legislation allowing PDMA acting on behalf of theHellenic Republic to issue, manage, settle and then “hold in treasury” securitieswhich can solely be sold in repo transactions with all SSFs and EBFs or bepledged as collateral with financial institutions for risk managementtransactions falling with the PDMA’s hedging mandate. The contracts related tothese operations should clearly specify that the securities cannot be furthertraded by the counterpart for the duration of the contracts and that settlementand payments should be done by the PDMA.30 Amend article G10 of law 4152/2013 to make it fully compliant with Article 10 Observedof the Late Payments Directive.31 Submit to the Parliament an amendment to article 1 of Law 3068/2002 Observedregarding the provision which was added with article 20 of Law 3301/2004 toremove the prohibition provided therein of obtaining an enforceable titleagainst Greek State-bodies and bodies governed by public law in Courts.Public Administration Reform32 Submit to the Council of State the Presidential Decrees needed to finalize the Observedrestructuring process of line ministries (excluding Ministries of Foreign Affairs,Public Order and Citizens’ Protection and National Defense).33 Complete the transfer of a cumulative 25.000 employees to the mandatory Observedmobility scheme. Mandatory transfers of employees of tax authorities will becounted against the target.34 Meet the end-March 2014 target for cumulative 5000 exits. Observed35 Adopt, through the Government Council of Reform, the two-yearObservedAdministrative Reform Action Plan, including the Human Resources Strategy.36 In order to step up the fight against corruption, adopt the agreed legislation to Observedbring the anti-corruption legal framework in line with relevant internationalstandards, including the UN anti-corruption convention, and the OECD andCouncil of Europe anti-corruption conventions and recommendations.Social security reform37 Lower Social Security Contribution rate by 3.9 percentage points. In order to Observedimprove competitiveness, foster employment creation, and to safeguard thelong-term sustainability of the social security system, the Government willadopt legislation to reduce IKA contribution rates by 3.9 percentage points in arevenue-neutral way, inter alia by eliminating unnecessary non-pension andnon-health contributions/expenditures and increasing efficiencies, to beimplemented by 1 July 2014. This rate cut is achieved by mostly reducingemployer-paid non-pension contributions.Financial sector38 Adopt legislation governing the injection of public sector resources into the Observedbanks through the HFSF, under which the HFSF will provide capital to viablebanks that – after having exhausted the possibility to generate capital throughinternal measures and through private capital raising - fail to meet the capitalneeds determined by the stress tests.Labour Market Reform39 To increase incentives for hiring long-term unemployed workers, and as part of Observeda broader package to support long-term unemployed, the government will adoptlegislation that adjusts the statutory minimum wage for long-term unemployed(defined as being unemployed for more than one year) aligning the maturityallowances of white collar workers with the blue-collar ones, in percentageterms, for workers over 25.Business Environment and Competition40 Following the competition assessment in the sectors of food processing, retailtrade, building materials and tourism, the Government adopts legislativeamendments to remove disproportionate regulatory restrictions identified by theCompetition Assessment Toolkit.Observed77