Thursday May 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Reminder of upcoming bailout obligations

Prime Minister Lucas Papademos is due to hold his final cabinet meeting on Wednesday but, according to sources, will steer clear of making any references to the upcoming elections after reported comments from the premier’s office relating to the next government’s busy schedule caused controversy.

Reports on two news websites quoted sources close to the prime minister as pointing out that Greece’s loan agreement with the European Union and the International Monetary Fund bind the next government to certain immediate obligations. These include the overhaul of the tax system, the reform of the public procurement process and sweeping changes to the justice system. In total, there are some 70 requirements that have to be completed before the end of June, including the sale of Public Power Corporation lignite units.

Apart from that, whatever government is formed after the May 6 elections will have to agree with the EU and the IMF another 11.5 billion euros of savings for 2013 and 2014.

The fact that reminders about these imminent commitments apparently came from the prime minister’s office was seen by some as an attempt by Papademos to intervene in the election campaign just days before the polls. Government sources however deny that any of the premier’s aides had made such comments.

They added that given the tense atmosphere ahead of Sunday’s vote, Papademos will simply repeat on Wednesday the message he delivered last week, which is that Greece has to strive to remain in the eurozone and the European Union. The Cabinet is also expected to approve the release to Greek banks of 18 billion euros’ worth of European Financial Stability Fund bonds that are currently held by the Hellenic Financial Stability Facility. The banks will be able to use these bonds as collateral to secure loans from the European Central Bank.

ekathimerini.com , Tuesday May 1, 2012 (22:21)  
G-7 weighs in on Greece as Tsipras government told to be serious
Athens, creditors offer conflicting views on negotiations
Opposition presses PM over deal with lenders
Stamati makes sixth appeal to be granted house arrest
Lagarde says still much work to do in Greek debt talks
The head of the International Monetary Fund (IMF) said in a German television interview on Thursday that there was still a lot of work to do before Greece and its international lenders could...
European shares edge lower as Greek deal optimism fades
European shares edged lower at the open on Thursday, giving back some of the late gains made the previous day as euphoria about a possible deal between Greece and its creditors faded. Europe...
Inside Business
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Endless confusion and worry
The Holy See on Wednesday expressed its own view regarding the Greek crisis. Cardinal Pietro Parolin – the Vatican’s equivalent of prime minister – voiced his concern over ongoing negotiatio...
EDITORIAL
Following up on a positive step
The latest European initiatives aimed at addressing the rising number of asylum seekers and irregular migrants reaching the shores of Greece and other Mediterranean countries are important. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Lagarde says still much work to do in Greek debt talks
2. European shares edge lower as Greek deal optimism fades
3. G-7 weighs in on Greece as Tsipras government told to be serious
4. ECB´s Nowotny says no to loosening funding for Greece now
5. Panathinaikos conquers PAOK through Tavlaridis goal
6. New measure to benefit tax dodgers
more news
Today
This Week
1. Endless confusion and worry
2. ECB's Nowotny says no to loosening funding for Greece now
3. G-7 weighs in on Greece as Tsipras government told to be serious
4. Following up on a positive step
5. European shares edge lower as Greek deal optimism fades
6. Lagarde says still much work to do in Greek debt talks
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.