Thursday May 17, 2012 Search
Weather | Athens
25o C
14o C
News
Business
Comment
Life
Sports
Community
Gastronomy
Travel
Survival Guide
Greek Edition
PM prepares for troika

 Papademos to rally party leaders ahead of visit by auditors, who want results

With Greece’s international creditors expected to send auditors back to Athens by the end of the week, Prime Minister Lucas Papademos is to meet the leaders of the three parties in his fractious coalition government in a bid to establish a broad consensus on tough reforms being demanded in exchange for the biggest chunk of rescue aid yet, a sum of 89 billion euros.

Papademos is to have his first meeting on Monday afternoon with Antonis Samaras, the chief of conservative New Democracy, which is leading in opinion polls, and will hold talks with Socialist PASOK leader George Papandreou and the head of the right-wing Popular Orthodox Rally (LAOS), Giorgos Karatzaferis, in coming days.

The aim is to forge a united front on ongoing austerity ahead of the arrival of officials from the European Commission, European Central Bank and International Monetary Fund, known collectively as the troika.

Karatzaferis, who has accused the two larger parties of lacking seriousness, reportedly sent a letter to Papademos asking for a session of party leaders to be convened by President Karolos Papoulias with Finance Minister Evangelos Venizelos.

The main points of contention are the creditors’ intensifying demands for the opening of closed professions and the lowering of the minimum wage -- now 751 euros. ND also objects to plans to merge auxiliary pension funds.

The delays that have been caused by these doubts continue to concern troika officials, who are due to return to Athens on January 16. Sources told Kathimerini that the troika will not return until the government has pushed through a series of reforms.

A bill opening up closed professions ranging from lawyers to truck drivers along with other measures is to be submitted in Parliament Tuesday and is expected to be voted on by the end of the week.

Another piece of legislation, relieving private companies of the obligation to raise workers’ salaries by 2.6 percent in July and cutting holiday bonuses by partially incorporating them in monthly wages, have angered labor unions but may please the troika.

But there is evidence of growing doubts within the IMF about the outlook for Greece. As talks on a write-down for holders of Greek debt enter the final strait, Olivier Blanchard, the Fund’s chief economist, has said that haircuts might have to be larger than the anticipated 50 percent. “The numbers are not good,” Blanchard told CNBC TV on Friday.

Meanwhile German news magazine Der Spiegel invoked an internal IMF document expressing doubts about Greece’s ability to tackle its huge debt and predicting the need for new austerity measures to avert default.

ekathimerini.com , Sunday Jan 8, 2012 (21:34)  
Ideas sought for ´Re-think Athens´
Top judge appointed caretaker PM
Ex mayor on trial
Olympic flame handed over to London 2012 officials
ENERGY
PPC debtors pinching power
The Public Power Corporation (PPC) subsidiary that controls the electricity transmission network confirmed that it has recorded «several cases» of illegal access to power and PPC meters bein...
ECONOMY
Corruption adds up to an estimated 4 bln euros a year
The annual cost of graft in Greece exceeds the measures adopted for 2012 for cuts in pensions and salaries, according to recent official figures and reports published by international organi...
Inside Business
SOCCER
Panathinaikos and AEK set up playoff final
Panathinaikos beat Atromitos and AEK defeated PAOK on Wednesday for the Super League playoffs to set up what will essentially be a final for a place in next season's Champions League on Sund...
INTERVIEW
WADA ready to catch cheats at London Olympics
By George Georgakopoulos & Spyridoula Spanea Kathimerini English Edition With the London Olympics just weeks away, sports fans are particularly concerned about how clean athletes will be in ...
Inside Sports
COMMENTARY
The ties we don´t see but can´t ignore
President Karolos Papoulias was correct to stress to party leaders the unusually large amount of savings being withdrawn from Greek banks over the past few days but this also caused some unn...
LETTERS
On new elections, eurozone, Tsipras, public sector, reforms
Re: Dutchman, 78, hurt in Monemvasia attack Even if Greece were a centipede, with that many shots in its own foot, it would not be able to run a single inch. Sebastian Schroeder Patra Does a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Panathinaikos and AEK set up playoff final
2. PPC debtors pinching power
3. Corruption adds up to an estimated 4 bln euros a year
4. Troika worried about sell-off halt
5. MSCI blow to National, OTE sends index lower
6. ECB to stop lending to local banks
more news
Today
This Week
1. ECB cutting back on liquidity for Greek banks, report says
2. Party leaders gather to appoint caretaker PM as pressure on Greece grows
3. US vulture fund profits from bond payout
4. Euro twilight zone beckons for Greece
5. Council of State president to be new caretaker PM [UPDATE]
6. Schaeuble rules out renegoiation of Greek bailout
Today
This Week
1. Elections loom as key bailout opponent defies unity
2. Party leaders face final attempt to agree unity deal
3. Venizelos takes baton in third bid to form govt
4. Looking for answers to Greece's impossible multiple choice
5. Moderate, pragmatic and unloved: Greece's liberal parties
6. Germany tells Greece not to stray if it wants cash
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2012, H KAΘHMEPINH All Rights Reserved.