Friday April 18, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras insists there will be no more austerity next year

Finance Minister Yannis Stournaras picked up on Monday where Prime Minister Antonis Samaras had left off on Saturday, insisting that there would be no new measures affecting people’s income in 2014 as part of Greece’s continuing fiscal adjustment.

“There will be none, this is absolutely certain,” said Stournaras in an interview with Vima FM that echoed Samaras’s pledge at the Thessaloniki International Fair. Stournaras admitted that Greece faced a funding gap of 10 billion euros over the next two years (4.5 billion for 2014 and 5.5 billion for 2015) but said this would not be covered by further tax hikes or wage cuts.

The minister said that any savings would come from structural changes as he called on Greeks to embrace the reforms. “We still have some distance to cover on the reform side and we would like to change the agenda by placing reforms at the top of the pile,” he said. “Reforms are right measures that are in the interests of the people. They are the ones that will reduce the cost of food and energy. They are the ones that will improve the quality of the public sector.”

Stournaras also doused renewed suggestions from SYRIZA leader Alexis Tsipras about a unilateral move to write down Greece’s debt. “So, is he going to turn up and say he is halving Greece’s debt?” said the finance minister. “If that happens, Greece will be isolated from the eurozone within the next 10 seconds.”

Stournaras also claimed that Greece would not have to adopt any new measures if it gets a third bailout. This message was repeated in an interview by Samaras’s close adviser, Chrysanthos Lazaridis, reflecting the government’s concern about the public reaction to any hint of further fiscal tightening.

There is also pressure within government ranks, with 15 New Democracy MPs on Monday submitting a question to Parliament regarding the broadening of criteria for homeowners to receive help with their heating bills this winter. Stournaras said he would make it easier for subsidies to be claimed but added that the total amount available would be less than last year’s 280 million euros as only 80 million was claimed.

ekathimerini.com , Monday September 9, 2013 (21:12)  
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
Government looks to kick on
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 ...
Primary surplus continued by end-March
The budget’s cash results for the first three months of the year pointed to a primary surplus of 771 million euros, according to data published on Thursday by the Bank of Greece. When revenu...
Inside Business
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...
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
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. Former Red Bourousis wrecks Olympiakos´s hopes for a break
2. PPC to issue corporate bond of 500 mln
3. Greece offers to help find Turkish F-16 lost in 1996
4. Primary surplus continued by end-March
5. Eurobank eyes top Core Tier 1 level in Greece
6. Tourist spending up 17.3 pct
more news
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Seven arrested over Toumba violence
5. National Bank of Greece plans senior unsecured bond sale
6. Greek current account deficit widens in February
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Samaras sees no need for third bailout
3. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
4. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
5. Greece's market return mirrors return of tourists
6. Parties start announcing candidates for European Parliament elections
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.