Sunday April 19, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Reservations over savings expressed in leaders' meeting

 Kouvelis opposes attempt to revive labor reserve scheme to reduce wage bill
Democratic Left chief Fotis Kouvelis reportedly expressed his opposition to plans to revive a labor reserve scheme to reduce the public sector wage bill

A new meeting between Greece’s coalition leaders on Tuesday failed to yield any results, amid objections from junior partner Democratic Left to plans to revive a labor reserve scheme to reduce the public sector wage bill.

Sources told Kathimerini that Democratic Left chief Fotis Kouvelis expressed his opposition to the measure, leaving Prime Minister Antonis Samaras in no doubt that another option should be considered. Kouvelis pointed out that when the scheme was adopted last year, it was soon abandoned as only a few thousand civil servants were placed in the labor pool, where they earn 60 percent of their salary but do not need to go to work.

PASOK leader Evangelos Venizelos is also said to have expressed his doubts about the scheme, but added that he was also against the idea of mass sackings in the public sector.

Sources said Kouvelis was angry that the idea of reviving the labor pool had been leaked to the press and that it was being considered as an option, given that the measure was not contained in the policy framework drawn up by New Democracy, PASOK and Democratic Left before they formed a coalition government.

Earlier, Finance Minister Yannis Stournaras had met President Karolos Papoulias to inform him about the latest economic developments. Upon exiting the meeting, the minister told journalists that the measures was being considered as part of the effort to find the 11.5 billion euros in savings that Greece needs to make over the next two years to satisfy the troika.

“We will look at the labor reserve because the numbers just don’t add up easily,” he said. “11.5 billion euros is a significant number and we haven’t reached it yet. We still need to find 3.5 to 4 billion euros,” added Stournaras, who told Papoulias there was still “hope” for Greece.

Sources said that to find the remainder of the cuts Greece’s lenders are demanding, Stournaras will need to cross some of the red lines drawn by the parties. This includes scrapping the already-reduced Easter and Christmas bonuses for civil servants and pensioners or making cuts to farmers’ pensions.

Speaking to party members earlier in the day, Venizelos doubted whether the cuts would work and predicted that they would worsen the recession, making it last until 2016.

ekathimerini.com , Tuesday August 7, 2012 (22:03)  
Kotzias to begin US visit with Kerry meeting in Washington
Turkey asks for investigation into Greek mosque attacks
Trash keeps Pyrgos and Ancient Olympia schools shut
Police attacked by protesters in Thessaloniki
US Treasury secretary urges Greece to reach debt deal
Treasury Secretary Jacob Lew (photo) is urging Greece to reach a deal with its creditors, warning that a default would "create immediate hardship for Greece" and damage the world economy. Gr...
Greece poised to sign gas deal with Russia, says German weekly
Greece is poised to sign a gas deal with Russia as early as Tuesday which could bring 3-5 billion euros into depleted government coffers, German magazine Der Spiegel reported, citing a senio...
Inside Business
BASKETBALL
Triumph for Olympiakos at Barcelona
Olympiakos produced its best away performance so far this season to defeat host Barcelona 76-63 on Friday and snatch the home advantage in the Euroleague play-offs. The Reds have now tied th...
BASKETBALL
Another heavy loss for improved Panathinaikos in Moscow
Panathinaikos raised its performance since Tuesday but still suffered a 20-point loss at CSKA Moscow on Thursday to find itself trailing 2-0 after Game 2 of the Euroleague play-offs. Having ...
Inside Sports
COMMENTARY
Back to the beginning
From 1980 up until the present day, the Greek educational system has given a false sense of democratization based on a flawed system of educator and student participation. The educational ou...
EDITORIAL
Protecting a key asset
Tourism has emerged as the only real “heavy industry” in Greece to have weathered the crisis so it is not only a question of duty that everyone protect it but also interest. To begin with, m...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. US Treasury secretary urges Greece to reach debt deal
2. Greece poised to sign gas deal with Russia, says German weekly
3. Russia gas deal would not solve Greece’s problems, says Schaeuble
4. Spanish official slams Greece, says time ´running out´
5. Kotzias to begin US visit with Kerry meeting in Washington
6. Turkey asks for investigation into Greek mosque attacks
more news
Today
This Week
1. Back to the beginning
2. Terrorism suspects caught following German request
3. Golden Dawn on trial amid conflict over court venue
4. US Treasury secretary urges Greece to reach debt deal
5. Greece poised to sign gas deal with Russia, says German weekly
6. Turkey asks for investigation into Greek mosque attacks
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. 'Civil war' brewing over disputed Greek goldmine
5. In the shadow of Greek prison, locals dread Golden Dawn trial
6. Putting off payments led to Q1 budget primary surplus
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.