Sunday April 20, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Talks on cuts stalling over labor reserve issue

Democratic Left leader Fotis Kouvelis objects to the resurrection of the labor reserve scheme which he called 'a fiasco'

Government officials were on Wednesday to continue talks aimed at identifying 11.5 billion euros in budget cuts for 2013 and 2014 but the proposed resurrection of a so-called labor reserve scheme aimed at putting thousands of civil service on reduced wages ahead of a status review appeared to pose a serious stumbling block to progress.

The leader of the third party in the coalition government, Fotis Kouvelis of Democratic Left, appeared to be particularly opposed to the measure which authorities have attempted to implement several times without success. «The measure was a fiasco, I will not support a fiasco,» Kouvelis told reporters. The head of socialist PASOK, Evangelos Venizelos, was also skeptical about the measures but less vehemently so. He has insisted that it should not lead toward layoffs in the civil service.

Government spokesman Simos Kedikoglou, for his part, told Skai television channel on Wednesday that «all possibilities are up for discussion» as regards the issue of the labor reserve scheme. Once the party leaders have agreed on this and other measures, they will make their proposal to representatives of the country's foreign creditors, he said.

According to Mega TV channel, Kouvelis has expressed frustration at the lack of communication between coalition party leaders and Finance Minister Yannis Stournaras who is spearheading the effort to identify 11.5 billion euros in savings for 2013 and 2014. Kouvelis said he did not want to hear about Stournaras' decisions from the latter's statements to reporters on TV news bulletins.

Apart from the implementation of the labor reserve scheme, officials are considering scaled cuts to pensions and cutbacks to state funding in the health and justice sectors along with the merging and abolition of underperforming or defunct state organizations.

ekathimerini.com , Wednesday August 8, 2012 (15:31)  
Greek Christians mark rare Good Friday in north Cyprus
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
Today
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Samaras sees no need for third bailout
4. Greece startup leaders say they can’t break jobless cycle alone
5. Ground-breaking Good Friday mass signals thaw in Cyprus
6. IMF's Thomsen says Greece not fully financed to 2016
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.