Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Tough talks with troika resume

 Rattled by merger freeze, gov’t 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 Friday’s 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 Friday’s summit. Greece’s 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 Greece’s 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)  
Athens, Nicosia satisfied by EU leaders´ stance toward Ankara
Suspended policeman chief suspect in cousin’s murder
No decisions yet on Greek bailout, says Samaras
Prescription fines since 2012 reach 2 bln, says minister
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Trade deficit shrinks on big drop in imports
Greece’s trade deficit shrank 29.5 percent year-on-year in August as a result of the considerable 16.3 percent decline in imports, Hellenic Statistical Authority figures revealed on Friday. ...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. A win is a win is a win for Olympiakos
2. TAIPED waits for green light from Eurostat
3. Trade deficit shrinks on big drop in imports
4. SMEs unable to claim subsidies
5. Taxes kept growing in second quarter
6. Thessaloniki Port expects 2014 to be record year
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Woman killed in tram accident in Floisvo, south of Athens
4. Clocks to go back 1 hour on Sunday
5. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
6. ECB vies for third time lucky in European stress tests
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.