Wednesday Jan 28, 2015 Search
Weather | Athens
13o C
7o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Minister warns against relaxing reform drive

 Stournaras rules out extending subsidy for heating oil to more families

Finance Minister Yannis Stournaras stressed on Monday that Athens cannot afford to lose momentum in its reform effort if it wants to clinch another three loan tranches over the next three months, noting that keeping tight control over public finances was a non-negotiable commitment.

We wont get the next installment if we let up, Stournaras said. If the pullover starts to unravel, well lose the trust weve started to rebuild, he said, adding that the worst thing we can do now is start talking about slacking off.

The disbursement of the next tranche, worth 9.2 billion euros, is due after the January 21 Eurogroup but in order to qualify for the funding the government must approve a tax law aimed at bringing in 2.5 billion euros over the next two years. The bill is expected to be voted on in Parliament by Friday.

Stournaras stressed the government was in no position to make concessions, dismissing suggestions that a heating oil subsidy might be extended. He asked Greeks to be patient for another year. I wish there was the fiscal capacity do to so but there isnt, he told Vima FM radio in response to a question about aid for poor families to buy heating oil.

Last year, the tax on heating oil was raised to match that on unleaded fuel, leading the price to rise by 40 percent. Demand for heating oil has since dropped by a reported 80 percent. But, Stournaras said, many of those who qualify for a heating oil subsidy this year have not applied for it.

ekathimerini.com , Monday Jan 7, 2013 (21:25)  
Police looking for two more suspects in Xeros case
Tsipras unveils anti-austerity cabinet
Greek coast guard search for missing ferry passenger
Serres police seek thieves of contraband smokes
Greek tourism rise outshines global gains
The United Nations World Tourism Organization (UNWTO) announced on Tuesday in Madrid that worldwide tourism posted growth of 4.7 percent in arrivals in 2014, while Greece experienced a 22.2 ...
Dritsas announces cancellation of OLP sale
Before even undertaking his portfolio, the new governments alternate minister for shipping, Theodoros Dritsas, announced the cancellation of the privatization of Piraeus Port Authority (OLP...
Inside Business
SOCCER
PAOK strikes deal with Portugals Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
Greece, where everyones a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
EDITORIAL
Political faux pas
Democracies have rules and institutions that must be respected and served by all who represent them. Most people can appreciate that politicians who have worked hard for the past two-and-a-h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PAOK strikes deal with Portugals Ricardo Costa
2. Greek tourism rise outshines global gains
3. Dritsas announces cancellation of OLP sale
4. Electric shock in energy industry
5. Property levies inflict serious blow to housing market
6. Uncertainty on new tax system
more news
Today
This Week
1. Greek Elections 2015: Forming a government, Part 1 | LIVE
2. Greece, where everyone's a winner
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Greek uncertainty weighs on low-rated eurozone bonds
5. Political faux pas
6. Europe stocks fall from seven-year high; Greek bonds drop
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Unsupervised voting
6. QE exclusion a de facto Grexit
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.