Saturday November 29, 2014 Search
Weather | Athens
16o 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)  
Venizelos extends invite to Turkey at start of visit
Vatopedi trial for 14 suspects
New proposals on way to troika
Cabbie who carried shooter claims he was threatened
Q3 growth was bigger than thought
The provisional seasonally adjusted statistics for the Greek economy in the third quarter put annual growth at 1.6 percent, against an original estimate for 1.4 percent, according to a state...
Who will pay for the state’s ADMIE stake?
The state is currently unable to pay the amount required for the acquisition of a 34 percent stake in the country’s Independent Power Transmission Operator (ADMIE), as provided for in a plan...
Inside Business
BASKETBALL
One more emphatic win sees Panathinaikos make top 16
Panathinaikos has mathematically qualified to the top 16 of the Euroleague after another emphatic home win, this time against Bayern Munich, with an 87-72 score on Friday. Given the changes ...
SOCCER
PAOK is one win from Europa League´s last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
Inside Sports
COMMENTARY
Change of US president won´t mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. One more emphatic win sees Panathinaikos make top 16
2. Venizelos extends invite to Turkey at start of visit
3. Vatopedi trial for 14 suspects
4. New proposals on way to troika
5. Cabbie who carried shooter claims he was threatened
6. Gov´t urged to allow Syrian refugees to move on
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Child molester suspect photo released by police
3. Greek economy expands 0.7 pct q/q in Q3
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Cosco’s Greek unit adds multinational rail-freight client
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.