Sunday February 1, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Papademos holds last-ditch talks with party leaders

The leaders of the three parties in Greece’s coalition government began last-ditch talks with Prime Minister Lucas Papademos at a bout 3.30 p.m. on Sunday as they try to agree on a package of reforms that would secure further funding from the eurozone and the International Monetary Fund.

Earlier, Papademos, Finance Minister Evangelos Venizelos and Labor Minister Giorgos Koutroumanis met with troika representatives. The lenders’ demands for the minimum wage to be lowered and private sector salaries to be cut drastically in a bid to boost Greece’s competitiveness are proving major stumbling blocks to achieving agreement on a new bailout package.

PASOK’s George Papandreou and New Democracy leader Antonis Samaras did not comment on their way into Maximos Mansion, where Papademos has his office.

Popular Orthodox Rally (LAOS) chief Giorgos Karatzaferis referred to a recent speech given by former German Chancellor Helmut Schmidt in which he was highly critical of the stance adopted by Germany and its leader, Angela Merkel, in respect to Greece’s problems and the euro crisis.

"There is great impatience and great pressure not only from the three institutions that make up the troika but also from euro zone member states,» said Finance Minister Evangelos Venizelos on Saturday after what he called a «very difficult» conference call with euro zone counterparts.

"The moment is very crucial. Everything should be concluded by tomorrow night."

Athens has wrangled without success for weeks with lenders and private bondholders on the bailout package and a debt restructuring plan, putting itself dangerously close to bankruptcy as 14.5 billion euros of debt falls due in mid-March.

In an apparent warning to Greek political leaders opposing key reforms, Venizelos said the patience of European partners and the International Monetary Fund (IMF) footing the bill for Greece's bailout was wearing thin.

Eurozone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.

[Kathimerini English Edition & Reuters]

ekathimerini.com , Sunday February 5, 2012 (15:48)  
A week in and Greece´s new leftist PM sticks to tough line, for now
Greece starts drive to sell new debt deal to doubting Europe
France open to easing Greek debt burden, says finance minister
Poll shows most Germans want Greece to stay in eurozone
Coalition ally seeks tax amnesty to get cash back to banks
The junior partner in Greece's ruling coalition plans to propose a tax amnesty on undeclared income deposited in Greek banks in a bid to reverse the rising tide of funds fleeing the country,...
Dijsselbloem says Greece has to decide how to move ahead
The chairman of euro-area finance ministers group, Jeroen Dijsselbloem, said it’s up to the Greek government to decide how to move forward in resolving its economic and financial problems. D...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
COMMENTARY
The dogma and the command center
We have reached a critical juncture. We have a new, inexperienced government trying to see if “the great negotiations” discussed by everyone, be they from the left or the right, on TV over t...
EDITORIAL
Silence will not be forgiven
It’s time for a turn toward realism, caution and logic. The negotiations with our partners and lenders must be concluded swiftly before the remaining healthy parts of the country’s productiv...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. A week in and Greece´s new leftist PM sticks to tough line, for now
2. Greece starts drive to sell new debt deal to doubting Europe
3. Coalition ally seeks tax amnesty to get cash back to banks
4. France open to easing Greek debt burden, says finance minister
5. Poll shows most Germans want Greece to stay in eurozone
6. France´s Sapin says Greece has no future outside the euro
more news
Today
This Week
1. Dijsselbloem says Greece has to decide how to move ahead
2. Greece shakes Europe's political kaleidoscope: expect the unexpected
3. France open to easing Greek debt burden, says finance minister
4. Greece offers olive branch to seek allies
5. The dogma and the command center
6. Poll shows most Germans want Greece to stay in eurozone
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. EU must accept that Greek debt relief is inevitable
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. Athens may veto further EU sanctions against Russia
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.