Sunday May 26, 2013 Search
Weather | Athens
29o C
18o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
PM aims at nod for cuts

 Coalition leaders to mull 11.5-billion-euro package as troika visit looms

Prime Minister Antonis Samaras is expected to meet on Monday with his two coalition partners in a bid to sign off on a tough raft of some 11.5 billion euros in austerity measures before the arrival later this week of envoys representing the country’s international creditors, but objections by socialist PASOK leader Evangelos Venizelos and Demoratic Left chief Fotis Kouvelis could delay the approval of the cuts.

Representatives of the three parties continued talks over the weekend in an effort to overcome differences regarding the content of the package with leftist officials pushing for alternative measures so that pension cuts can be softened. According to sources, the premier is determined that any objections be overcome by Monday so that the blueprint can be rubber-stamped ahead of the scheduled arrival in Athens by Friday of envoys from Greece’s so-called troika of international lenders, the European Commission, European Central Bank and International Monetary Fund. This would allow the package to be submitted to Parliament by the end of the month, paving the way for the release of a crucial 31.5-billion-euro tranche of rescue funding, assuming the troika issues a positive report on Greece’s reform progress.

Venizelos and Kouvelis have both stressed that they do not intend to cause a crisis in the government but they both harbor serious reservations about plans to slash pensions and social benefits. The alternatives they are expected to propose are unlikely to be acceptable to the troika, who are said to be concerned about some of the measures on the blueprint -- namely cuts to public administration and defense spending.

Finance Minister Yannis Stournaras is to travel to Berlin on Tuesday and present the proposed cuts to his German counterpart Wolfgang Schaeuble. He is expected to argue that a deeper-than-expected recession has hampered reform efforts and possibly reiterate a request for the country’s fiscal adjustment period to be extended by two years. An official at the EC told Kathimerini that Athens is very unlikely to have this wish fulfilled. Meanwhile sources at the IMF are concerned at the lack of progress in structural reforms such as the opening of closed professions, Kathimerini understands. One source said that the Fund is pleased with the decisiveness shown by Samaras but would like to see more. The IMF’s message to the Greek premier is, “Surprise us with some bold moves,” the source said.

ekathimerini.com , Saturday September 1, 2012 (17:23)  
Two arrested, one sought in Mani for growing cannabis plants
Hydra blaze under control
Verhofstadt urges Greece to take reforms
Illegal booze plant seized
Greece changes term of gas privatization to accomodate Gazprom, source says
Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm, a senior official direc...
EU leaders to focus on tackling youth unemployment at next summit
European leaders have decided youth unemployment and the risk of social breakdown are among the toughest challenges they face and finding solutions will be a top priority for the coming mont...
Inside Business
BASKETBALL
Rethymno completes PAOK upset, sets up clash with Reds
Olympiakos will face AGO Rethymnou and Panathinaikos will measure up against Panionios in the semifinals of the Greek basketball league, as the quarterfinals of the playoffs saw AGOR upset P...
SOCCER
PAOK bounces back to win at Asteras
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
Inside Sports
COMMENTARY
Don’t forget the small and medium-sized companies
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
EDITORIAL
Doing the job, despite problems
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure. Through their behavior and professionalism,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Rethymno completes PAOK upset, sets up clash with Reds
2. Greece changes term of gas privatization to accomodate Gazprom, source says
3. EU leaders to focus on tackling youth unemployment at next summit
4. Two arrested, one sought in Mani for growing cannabis plants
5. Hydra blaze under control
6. Verhofstadt urges Greece to take reforms
more news
Today
This Week
1. Greek prices ‘on level of Germany’
2. Greece visa pledge attracting investors
3. Greek government in bid to mend rift over anti-racism bill
4. Greece changes term of gas privatization to accomodate Gazprom, source says
5. OSE has troika’s blessing for routes
6. Two arrested, one sought in Mani for growing cannabis plants
Today
This Week
1. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
2. Eurozone decisions on direct bank recap and debt relief for Greece imminent, says Dijsellbloem
3. On a dangerous path
4. Greece isn't turning the corner
5. We’re not out of the woods
6. As visit to China concludes, Samaras offers incentives to invest in Greece
   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.