Saturday November 22, 2014 Search
Weather | Athens
18o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
New FinMin welcomed in Brussels

 Rehn praises Hardouvelis’s appointment as senior euro officials express ‘relief’

The appointment of Gikas Hardouvelis, a non-partisan technocrat, at the helm of the Finance Ministry as part of the major shake-up of the Greek Cabinet on Monday was Tuesday welcomed by the European Union’s economy chief and other senior officials in Brussels.

“I congratulate Gikas Hardouvelis on his appointment and look forward to meeting him at the Eurogroup and Ecofin summits next week in Luxembourg,” EU Economic and Monetary Affairs Commissioner Olli Rehn said in a written statement.

Hardouvelis is expected to make his debut at the meeting of eurozone finance ministers on June 19, when Greece is unlikely to secure its next bailout tranche of 1 billion euros as a number of “prior actions” remain outstanding. Both installments are expected to be disbursed at the next meeting, in July.

Greece’s new finance chief is then expected to meet with troika inspectors on July 9-10 during their progress review of the Greek program ahead of negotiations on the 2015 budget and the sustainability of the country’s debt.

Rehn praised the legacy of outgoing minister Yannis Stournaras, who is expected to take over as Bank of Greece governor.

“In 2012, he set out to promote tough and key reforms,” said Rehn, who acknowledged Stournaras’s “tough work and dedication.”

Speaking to Kathimerini, a number of senior European officials expressed relief about the appointment of the experienced banker and economist who previously served as an adviser to interim Prime Minister Lucas Papademos.

The same sources however voiced skepticism over the forced resignation last week of Greece’s chief tax collector, Haris Theoharis, which cast doubts over the administration’s desire to create a truly independent revenues service in line with troika demands.

Speaking during his swearing-in ceremony Tuesday, the new finance minister suggested he would try to strike a balance between the demands mandated by foreign lenders and the needs of crisis-hit households.

“We must stay the course on reforms and ease the burden on Greek families. We are all suffering," said Hardouvelis, pledging to follow in the footsteps of his predecessor.

“We must do what we want, not just what the troika wants us to do,” he added.

ekathimerini.com , Tuesday June 10, 2014 (22:14)  
Image of artwork showing humans in blender taken out of schoolbooks
Simitis supports Venizelos over new movement
Two businessmen to be questioned in arms kickbacks probe
No swift breakthrough expected in troika talks
More cash for banks with same papers
Greek banks will be able to draw additional liquidity from the European Central Bank after Frankfurt issued a guideline on Friday that revises the “haircut” applying to securities issued or ...
Growth to fuel rise in revenues
Finance Minister Gikas Hardouvelis on Friday tabled in Parliament the final draft of the 2015 budget which is in line with the targets of the country’s bailout agreement with its creditors a...
Inside Business
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japan’s image and economy following the triple blow of the earthquake, tsunami and nuc...
BASKETBALL
Big win for Greens, tight one for Reds
Panathinaikos scored a crucial as well as emphatic away win at Turow on Thursday that should see it qualify from its tough group to the top 16 of the Euroleague, while Olympiakos saw off vis...
Inside Sports
COMMENTARY
Give Greece a chance
Greece's creditors are testing the country's endurance - again. If they keep pressing, they could split the euro area apart, which would be a disaster for them as much as for Greece. They ne...
COMMENTARY
‘Who lost Greece?’
If, by unhappy chance, Greece’s efforts to create a more efficient economy and more just society should fail, if it turns out that all our sacrifices were in vain, who will be to blame? The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Image of artwork showing humans in blender taken out of schoolbooks
2. More cash for banks with same papers
3. Simitis supports Venizelos over new movement
4. Growth to fuel rise in revenues
5. Commercial property draws interest from investors
6. Sony chooses Piraeus as its entry point to Europe
more news
Today
This Week
1. Give Greece a chance
2. Cosco’s Greek unit adds multinational rail-freight client
3. No breakthrough after marathon conference call
4. Israel backs East Med pipeline project
5. Education Ministry mulls over introducing Albanian language classes
6. Greece says EU/IMF lenders disagree with 2015 budget deficit estimate
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Greece and Poland switch roles as young Greeks head to vibrant Eastern European country for better prospects
3. Constructively disrupting the Greek start-up ecosystem: What will the impact be?
4. Anti-junta uprising anniversary to be marked amid tight security
5. Biden heads to Istanbul amid tension over Cyprus EEZ violation
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.