Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o 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)  
Judges´ report on Golden Dawn case expected next week
Karamanlis, Bakoyannis discuss ND´s future
Imia flyover sparks Turkish reaction
Greece set on path for collision with its lenders
Increase in minimum salary is left aside for now
The Labor Ministry’s new administration is preparing to take cautious steps in the context of broader planning for employment and enterprises, which will risk creating a shock in the domesti...
Decline in euro rate has exporters eyeing growth in 2015
A decline in the exchange rate of the euro against the US dollar, as well as other major currencies, is key if Greek enterprises, and their eurozone counterparts, are to regain a significant...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panathinaikos preserves perfect home record
2. Increase in minimum salary is left aside for now
3. Decline in euro rate has exporters eyeing growth in 2015
4. TAIPED is stripped of its management and most projects
5. Tourism to build on last year’s massive growth
6. HFSF portfolio sees its value diminish
more news
Today
This Week
1. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
2. Why Greece went left while Europe turns to right
3. Capital flees Greece at fastest pace since 2011
4. Greek government's signals very mixed, ECB's Jazbec says
5. EU's Schulz: Greece should follow EU line on Russia
6. Monastiraki restaurant fire prompts panic, restricted before spread
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. Athens may veto further EU sanctions against Russia
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.