Tuesday March 3, 2015 Search
Weather | Athens
11o C
6o 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)  
Greek government searches for funds amid fresh speculation about third bailout
Ankara backpedals on Aegean military drill
Ties between terror groups probed
Judges indict 21 over Skouries gold mine attack
PMI records drop in orders but rise in jobs
New activity in Greek manufacturing last month posted the sharpest decline since July 2013, according to the Markit research firms Purchasing Managers Index (PMI). The main reason for that ...
Fur exports to be hurt by ruble decline
The sliding ruble is expected to hurt Greek fur exports, which account for 10 percent of the global market. "This year is very difficult for enterprises in the fur sector due to the devaluat...
Inside Business
BASKETBALL
Waters turns from zero to hero for Kolossos Rhodes
For 40 minutes he was a real disappointment for his coach, Aris Lykoyiannis. His shooting rate was a miserable 1 in 10 two-point shots and he had made no three-pointers. On top of that he co...
SOCCER
Super League clubs promise to combat violence, again
The Super League clubs agreed on Monday to a blueprint of proposals for combatting violence in soccer grounds and will present it to Deputy Minister Stavros Kontonis to ask for the top fligh...
Inside Sports
COMMENTARY
Three options for the PM
There is one thing of which I am completely certain. If we want Greece to remain a member of the eurozone and to advance, the government faces a Herculean task. Prime Minister Alexis Tsipras...
EDITORIAL
Destination unknown
Alexis Tsiprass government is floundering in its own contradictions and risks taking the country down with it. The prime minister took on the responsibility of an agreement with our partner...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Waters turns from zero to hero for Kolossos Rhodes
2. Greek government searches for funds amid fresh speculation about third bailout
3. Ankara backpedals on Aegean military drill
4. Ties between terror groups probed
5. Judges indict 21 over Skouries gold mine attack
6. PMI records drop in orders but rise in jobs
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greek reforms could prompt bailout payment in March, says Dijsselbloem
3. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
4. Schaeuble urges Greece to implement reforms during extension
5. Next Greek aid deal will emerge in coming months, Moscovici says
6. ECB uncomfortable with leading role in Greek funding drama
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.