Tuesday June 18, 2013 Search
Weather | Athens
34o C
24o 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)  
Shaking up Greece’s democratic system
Fugitives sought for officer killing
German FinMin to visit Athens as Berlin keeps eye on developments
Health costs under pressure
ECONOMY
ESEE: Sunday opening for resort stores
Representatives of the National Confederation of Greek Commerce (ESEE) asked on Monday Tourism Minister Olga Kefaloyianni for legislation to be passed allowing stores at the country’s summer...
ECONOMY
Tax collection, recap and layoff program on the table
Six burning issues remain on the negotiations table in talks between the Finance Ministry and the representatives of the country’s creditors, which will have to be concluded by Wednesday eve...
Inside Business
SOCCER
Dutch coach Huub Stevens aims to unite PAOK fans
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests. Gree...
CANOE
Tribute paid to Andreas Kiligkaridis
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia. The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
Inside Sports
COMMENTARY
Not dodging the tough decisions
For the past three-and-a-half years, the Greek political system has been dragging its feet and hemming and hawing over a relatively simple decision: which state organizations are needed, how...
EDITORIAL
A new modus operandi
Greece’s power-sharing government must find a way to stay on track. A snap election, as suggested by some out there, would not solve the country’s problems but rather strengthen existing pol...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Shaking up Greece’s democratic system
2. ESEE: Sunday opening for resort stores
3. Tax collection, recap and layoff program on the table
4. Canadians take their time in Greece
5. Sell-off target will not be met
6. Fugitives sought for officer killing
more news
Today
This Week
1. A new modus operandi
2. Not dodging the tough decisions
3. Shaking up Greece’s democratic system
4. PM, coalition partners brace for crucial talks
5. Trial for NERIT, station might be used in PM address
6. Tsipras to speak at Syntagma amid speculation of PM address on new state broadcaster
Today
This Week
1. Greece cut to emerging market at MSCI in world first
2. ERT journalists defy closing down order to continue broadcasts as coalition faces severe test
3. Journalist unions call media strike to protest ERT closure as employees continue broadcasting
4. Greek public broadcaster ERT to be shut down, reopened with fewer employees
5. European Broadcasting Union expresses dismay at closure of ERT, calls on PM for reversal
6. Cyprus president Anastasiades criticises bailout terms
Advertiser Link
Amundi, ç Íï.1 åôáéñåßá ôçò Åõñþðçò óôç Äéá÷åßñéóç Äéáèåóßìùí
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.