Wednesday September 3, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika talks prolonged

 No final deal reached on Saturday; negotiations to continue after Eurogroup
European Central Bank's (ECB) Klaus Masuch arrives at the finance ministry for a meeting with Greek finance minister Yannis Stournaras, in Athens on Saturday.

Greece is to resume talks with the troika after Monday’s meeting of eurozone finance ministers in negotiations that may last another two weeks despite both sides noting progress on Saturday.

Finance Minister Yannis Stournaras met with officials from the European Commission, European Central Bank and International Monetary Fund for more than three hours on Saturday but said that talks would have to continue next week as there was no final agreement on the details of the 13.5-billion-euro austerity package demanded by Greece’s lenders.

“The talks will go on as there is some divergence on certain issues,” said Stournaras after meeting Prime Minister Antonis Samaras on Saturday. He insisted that the differences that needed to be bridged were fiscal rather than political.

“There are no political solutions to be sought; there are simply negotiations with the troika,” he said, adding that the visiting officials would also be at Monday’s Eurogroup meeting to brief finance ministers on the talks in Athens.

Greece is hoping that following the briefing, eurozone finance ministers will issue a statement confirming that there has been progress in the negotiations. Speaking in Riyadh on Saturday, IMF Managing Director Christine Lagarde said talks in Athens had been “very good and productive.” EU Monetary Affairs Commissioner Olli Rehn said talks had “moved on” and that an agreement might be just a matter of days away.

Stournaras is also set to present the outline of the package, which sees about 9 billion euros’ worth of measures being implemented next year and 4.5 billion in 2014. The troika is likely to tell the Eurogroup that these measures will mean Greece will just about wipe out its primary deficit next year and that the target of a 4.5 percent primary surplus for 2014 will only be achieved in 2016. If the ministers do not approve this shift in targets then it is likely that the troika will return to Athens to demand further cuts. This would complicate negotiations and further delay the disbursement of Greece’s next loan tranche.

Meanwhile, ECB executive board member Joerg Asmussen dealt another blow to Greek hopes of rolling over the bonds held by the central lender. “We can neither extend the maturities for Greek bonds nor lower the interest rates,” he told Bild newspaper. “Both would be a form of debt relief and so direct financing of the Greek state, which the ECB is not legally allowed to do.”

ekathimerini.com , Saturday October 6, 2012 (18:43)  
Report points to suspicious clinic charges to EOPYY
New rector seeks to introduce ID checks at University of Athens
Gov’t upbeat in troika talks, says budget ´on target´
Anti-racism bill approved in principle, final vote Friday
Helexpo sell-off plan to be ready by mid-October
Helexpo, the state company that organizes major exhibitions such as the Thessaloniki International Fair, is in the last stages of drawing up its privatization plan. Sources say that the prop...
Maniatis talks energy with Washington’s man in Athens
Energy Minister Yiannis Maniatis held a meeting yesterday with US Ambassador in Athens David D. Pearce to discuss possible natural gas supply problems that Europe may face this winter due to...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the people’s favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washington’s man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Greece needs private debt overhaul, Piraeus Bank CEO says
6. Moderating expectations
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.