Friday December 19, 2014 Search
Weather | Athens
17o C
10o 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)  
Stores wrecked in protests to be let off municipal fees
SYRIZA rules out political consensus before polls
University transfers in doubt after process canceled at two departments
Coalition MPs push for compromise over president
Importers told to pay up in advance
In the last 10 days foreign suppliers have again started asking for the full cost of commodities exported to Greece to be paid in advance by their local representatives, in a picture reminis...
Jobless rate posts steady decline
Unemployment fell to 25.5 percent in the third quarter of the year, against 26.6 percent in the second quarter of 2014 and 27.2 percent in the third quarter of 2013, according to seasonally ...
Inside Business
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldnt make it up: That Sony, one of the worlds biggest film producers, would be forced to pull a comedy about the assassination of North Koreas dictator after a ...
COMMENTARY
Europes drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PAOK loss at Giannina brings Olympiakos to within a point
2. Reds lose in Turkey to motivated Galatasaray
3. Importers told to pay up in advance
4. Jobless rate posts steady decline
5. Piraeus and KKR strike loans portfolio deal
6. German approval and praise come at key time
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. Kammenos maintains firm position, says general election is 'one-way street'
4. What SYRIZA says about Greeces economy, its debt and the euro
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. Snap elections would lead to euro exit, says former premier
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Greece reruns doomsday scenario as politics collide with markets
6. Gap between SYRIZA and New Democracy closing, says poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.