Wednesday November 26, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Tough talks with troika resume

 Rattled by merger freeze, govt seeks consensus on civil servants, debts, before summit

Finance Minister Yannis Stournaras is to resume on Tuesday tough negotiations with troika envoys on several contentious issues, including a delayed overhaul of the civil service, in a bid to reach a consensus before Fridays informal Eurogroup summit in Dublin.

Government and troika officials on Monday took a day off negotiations to prepare their arguments and to allow the dust to settle following the unexpected news of the suspension of a merger between National Bank of Greece and Eurobank. They are to resume talks at 4 p.m. on Tuesday and have a lot of ground to cover if they are to reach an agreement by Fridays summit. Greeces economic reform progress will be on the agenda of talks at the summit but a decision on the release of a 2.8-billion-euro loan installment that had been due last month is not expected until later in April while a decision on a subsequent tranche of 6 billion euros is likely in May. Unless the disbursement of the tranches is delayed until after May 20, when Greece must cover 5.6 billion euros in bonds that are set to expire, government officials say there will be no cash-flow problem.

Greek officials have much progress to make before aid is approved. Stournaras admitted that he was not sure negotiations would be over in time for the summit.

But officials said some issues had been resolved. It appears that firms or individuals owing tax or social security contributions will be allowed to pay off their debts in 48 installments rather than the 36 the troika had favored.

It is unclear whether the foreign envoys will show similar understanding when it comes to Greeces cutbacks in the civil service. The two sides have reportedly agreed that the government will be able to hire a new civil servant for each of the bureaucrats it is forced to fire in coming months. The firings are to start with staff who have been found guilty of disciplinary offenses and continue with those who consistently fail to turn up for work. A scheme for downsizing the public sector, drawn up by Administrative Reform Minister Antonis Manitakis, remains the basis of talks, sources said. But it will be Stournaras, not Manitakis, who will negotiate with the troika, who reportedly want layoffs over and beyond some 4,000 civil servants accused of breaking the code of conduct.

ekathimerini.com , Monday April 8, 2013 (21:30)  
Hundreds of migrants on crippled ship off Crete
Policemen suspected of working at Piraeus bar where shooting took place
Ankara proposes private firm to seek natural gas off Cyprus
Further tension builds up at universities
Debtors snap up offer for easier settlements
The governments plan for the settlement debts to the state is paying off as Greeks are signing up in numbers for the more favorable payment scheme. In less than 24 hours since the opening o...
Belgium gas firm said to be eyeing DESFA
Belgian natural gas network operator Fluxys is said to be eyeing the Greek gas grid, after signing an agreement on Monday with its Greek counterpart (DESFA) for the drafting of a study on th...
Inside Business
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The countrys citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
3. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
4. Two police officers among 9 arrested for drug trafficking
5. Fraport, Copelouzos offer highest bid for Greek regional airports
6. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Give Greece a chance
4. Every age has its collaborators
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Scientists expand excavation of ancient Amphipolis
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.