Tuesday September 23, 2014 Search
Weather | Athens
33o C
20o 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)  
Supreme Court postpones decision on Finance Ministry cleaning staff
Venizelos meets American Jewish officials in New York
Trolley bus, metro services to be disrupted Tuesday, Wednesday
Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
Construction material costs for new residential buildings decrease
The material costs index in the construction of new residential buildings decreased by 2.9 percent in August 2014, compared to the same month the previous year, according to figures released...
German bond gains push 10-Year yield below 1% on stimulus bets
German government bonds rose for a third day as a report showed euro-area manufacturing growth slowed more than economists predicted this month, strengthening the case for more monetary stim...
Inside Business
SOCCER
PAOK joins Olympiakos on top after win at Agrinio
Olympiakos spent just two nights alone on top of the Super League, as on Monday evening PAOK joined the champions on 10 points through its 1-0 victory at Panetolikos. The Thessaloniki giant ...
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
Inside Sports
COMMENTARY
A painful curse
It was a curse and a painful one at that. It was a brutal act that brings shame on the person who committed it, on the party which he represents, on the Parliament, on Greece and on everythi...
EDITORIAL
Europe’s choice
Tuesday’s meeting between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel in Berlin is of crucial importance. It’s hard to deny that Greece has come a long way. The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Construction material costs for new residential buildings decrease
2. Supreme Court postpones decision on Finance Ministry cleaning staff
3. German bond gains push 10-Year yield below 1% on stimulus bets
4. Venizelos meets American Jewish officials in New York
5. Trolley bus, metro services to be disrupted Tuesday, Wednesday
6. Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
more news
Today
This Week
1. Trolley bus, metro services to be disrupted Tuesday, Wednesday
2. Venizelos meets American Jewish officials in New York
3. German bond gains push 10-Year yield below 1% on stimulus bets
4. Supreme Court postpones decision on Finance Ministry cleaning staff
5. Construction material costs for new residential buildings decrease
6. Alexander the Great's tomb not at Amphipolis, says Culture Minister
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. ‘Greece can meet its needs on its own’
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.