Friday August 22, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Government to leverage surplus for debt relief

With the date that troika officials are to return to Athens still unclear, the government is believed to be focusing on exploiting the leverage afforded by a larger-than-expected primary surplus to push its goal of launching negotiations on debt relief.

As foreign auditors await further progress by Athens on a series of economic reform commitments, and with differences of opinion within the troika about how Greece should cover its funding needs, it is unlikely inspectors will return to Athens before a Eurogroup summit on February 17, Kathimerini understands.

But, according to sources, the Greek government is less concerned about a possible delay in the troika’s return and is anticipating some kind of “gift” from Germany, the European Union’s paymaster, in return for its achievement of a large primary surplus. Sources indicate this “gift” could be the launch of talks on debt relief in April, a month before crucial local and European Parliament elections. If debt talks do begin in April, this could give Prime Minister Antonis Samaras an edge over leftist SYRIZA leader Alexis Tsipras, whose party rejects the terms of the country’s foreign loan agreements but is leading in opinion polls. In statements to reporters in Rome at the end of last week, Tsipras said Greece’s debt must be reduced by at least 60 percent to become sustainable.

While Samaras and Finance Minister Yannis Stournaras push for talks on debt relief privately, their public statements have focused more on Greece’s primary surplus, which is expected to exceed 1.5 billion euros.

Meanwhile the country’s troika of foreign lenders wants to see progress on a range of reforms, including the removal of barriers to competition and a streamlining of the civil service.

In a related development, Stournaras told the Frankfurter Allgemeine Zeitung that Greece’s funding gap for 2014 is around 5 billion euros or 11 billion euros for the next two years. He added that Greece did not need a third rescue package.

ekathimerini.com , Saturday February 8, 2014 (17:44)  
KEELPNO blames stomach bug for sick tourists on Rhodes
KEPs to issue new and replacement driving licenses
EU funds reserved for waste facilities in northern Greece
Coalition mulls property tax changes
Report: Greek banks sturdily positioned
Greece’s banks are on sturdy capital ground, and if any capital injections are needed, the sum should not exceed 3.5 billion euros, Morgan Stanley notes in a new report. Morgan Stanley analy...
Economy stunted by property tax demands, report says
The overtaxation of property is suppressing the potential of an economic recovery, which could have been achieved as far back as the first quarter of 2013 had faulty and detrimental property...
Inside Business
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Self-destructing political system
It finally seemed as if we had found some peace of mind. The vast majority of Greek MPs chose to abstain from festivities on August 15, also known as Assumption Day, thus sparing us from the...
EDITORIAL
Welcome movement
Many have spoken about the need to spur economic growth in this debt-wracked country, but very few officials seem to actually be doing anything meaningful to make this happen. Recent weeks h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Report: Greek banks sturdily positioned
3. Economy stunted by property tax demands, report says
4. Primary surplus exceeds January-July target figure
5. KEPs to issue new and replacement driving licenses
6. EU funds reserved for waste facilities in northern Greece
more news
Today
This Week
1. Merkel cites euro’s ‘construction flaws’ as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canada’s fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Ministry sys ‘no’ to debt collection agencies
6. Karatzaferis eyes ND-LAOS alliance to stop Tsipras
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.