Wednesday May 27, 2015 Search
Weather | Athens
14o C
09o 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)  
Commissioner Avramopoulos calls for EU solidarity on immigration issue [Update]
Ahead of G7, US warns Europe not to miscalculate over Greece [Update]
EU says fiscal targets, pensions, labor still to be agreed with Greece
Schaeuble says up to Greece to decide on capital controls
Economic sentiment weakens in Cyprus in May, says survey
Economic sentiment in Cyprus weakened in May, a publicly funded survey said on Wednesday, as businesses forecast a worsening financial situation in the coming three months. The Economic Sent...
ECB said to leave emergency aid level for Greek banks unchanged
The European Central Bank left the level of emergency cash available to Greek banks unchanged from a week ago, said two people familiar with the matter. During a telephone call on Wednesday,...
Inside Business
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Commissioner Avramopoulos calls for EU solidarity on immigration issue [Update]
2. Economic sentiment weakens in Cyprus in May, says survey
3. Ahead of G7, US warns Europe not to miscalculate over Greece [Update]
4. EU says fiscal targets, pensions, labor still to be agreed with Greece
5. Schaeuble says up to Greece to decide on capital controls
6. Vouliagmeni lifeguard taken into custody on child pornography charges
more news
Today
This Week
1. Some 300 mln left banks on Tuesday
2. Romantic notions meet reality
3. Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
4. The G-7's problem: Can the world deal with a Greek default?
5. Solving the Gordian Knot
6. FYROM PM blames Greece for name impasse
Today
This Week
1. Conspiracy madness
2. National self-awareness put to the test
3. Albanian demarche raises concerns about possible territorial claims over Greece
4. Hotel contracts with a ‘Greek default clause’
5. Neither Grexit nor a dual currency will solve Greece’s problems
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.