Monday December 22, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika deal within reach as talks on public sector reforms get under way

The troika will meet Administrative Reform Minister Kyriakos Mitsotakis for a third time on Thursday in a bid to reach an agreement over civil service sackings so Greece has a chance of seeing its next bailout tranche of 8.1 billion euros being approved by eurozone finance ministers when they meet on Monday.

Negotiations between the two sides have so far foundered on public sector dismissals and the labor mobility scheme for 12,500 civil servants. Sources at the Administrative Reform Ministry told Kathimerini on Wednesday that the basis for reaching an agreement is in place.

One of the key problems is that the visiting inspectors refuse to recognize the 2,600 sackings at public broadcaster ERT as permanent dismissals. Until they are given detailed plans of how the new broadcaster will operate and how many employees it will take on, the officials will not accept that the government has carried out any firings. The two-party coalition aims to create a new TV and radio service with about 1,000 staff members, helping it reach its target of reducing civil servant numbers by 4,000 this year.

There is also troika skepticism over the mobility scheme for public sector workers. Speaking to Skai TV late on Tuesday, Mitsotakis admitted that the program was not ready and he would like three to five months more to complete it. It appears, though, that there could be room for compromise on this matter as some alternatives have been discussed by Athens and its lenders. A possible solution is for the troika to accept that civil servants who have already been transferred to different jobs could be counted among those inducted into the mobility scheme. In return, though, the troika wants the program to last for six months rather than 12.

Greece is under pressure to complete negotiations on Thursday to allow the Euro Working Group enough time to prepare its recommendations on the bailout installment, which is likely to be divided into sub-tranches, for Mondays Eurogroup.

A European Union official speaking on condition of anonymity to reporters in Brussels said a failure to agree now would lead to Greeces tranche being delayed. If we dont conclude this review, I dont see any disbursement for the next three months, the official said. It is not a course I find advisable.

If there is no agreement now, Greece could have to wait until the next Eurogroup in September for a disbursement, by which time the International Monetary Fund might have stopped providing funds for the bailout. Is it a disaster? No. Is it uncomfortable? Yes, said the EU official.

ekathimerini.com , Wednesday Jul 3, 2013 (22:23)  
Bomb hoax at SYRIZA HQ in central Athens
DIMAR not poised to break apart, insists spokesman
SYRIZA offices in Athens evacuated after bomb threat
Greek parliament vote in balance after Samaras election offer
Spanish bond gains push yield to record low as Greek debt rises
Spanish 10-year government bonds rose, pushing yields to a record low, helped by greater investor appetite for risk that drove stocks higher amid the prospect of European Central Bank purcha...
ANALYSIS
Low costs, yield hunt to propel long-term euro zone bond sales in 2015
Euro zone governments are preparing to sell a record amount of bonds next year, tilting towards more long-term debt as they try to lock in historically low borrowing costs. Analysts estimate...
Inside Business
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Bomb hoax at SYRIZA HQ in central Athens
2. DIMAR not poised to break apart, insists spokesman
3. SYRIZA offices in Athens evacuated after bomb threat
4. Spanish bond gains push yield to record low as Greek debt rises
5. Low costs, yield hunt to propel long-term euro zone bond sales in 2015
6. Greek parliament vote in balance after Samaras election offer
more news
Today
This Week
1. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
4. Draghi starts squaring QE circle in month of persuasion for ECB
5. Greek parliament vote in balance after Samaras election offer
6. Parliament's ethics committee to look into independent MPs' comments
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.