Friday August 22, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens, troika poised to haggle over surplus

Greek port employees and dock workers take part in a rally during a work stoppage outside the premises of Piraeus Port Authority (OLP), on Tuesday. Unionists were protesting plans for the sale of a majority stake in OLP by state privatization fund TAIPED.

Prime Minister Antonis Samaras and his coalition deputy Evangelos Venizelos are expected to meet in the coming days as difficult talks resume with the troika on pending reforms and with negotiations about the size of a primary surplus now on a new footing.

Both the troika and the government are keen for an agreement to be reached in the coming days so that further rescue funding can be approved in April. But a series of politically contentious issues are on the table of talks.

Low-income pensioners and members of the police and security services may get a smaller portion of a primary surplus, which is to be calculated in a different way, than originally planned. A government official indicated on Tuesday that the troika wants part of the revenue to go toward growth-boosting measures and another part to go toward paying off state debts to suppliers.

Samaras has repeatedly vowed to give 70 percent of a primary surplus for 2013, which Athens estimates at more than 1.5 billion euros, to vulnerable social groups. But the troika appears to have other plans. According to a Finance Ministry official, the sum that will be distributed will be the amount by which Greece overshoots its 2014 primary surplus target of 2.9 billion euros.

The same official rebuffed reports about a further reduction to civil servants’ salaries, noting that the troika had asked for the abolition of some benefits.

The projected size of Greece’s primary surplus, and where it will go, are among the topics to be discussed in talks with the troika. The size of a fiscal gap for 2015 will also be on the agenda along with other issues including a delayed overhaul of the civil service and the implementation of reforms aimed at boosting competition, as set out in a report by the Organization for Economic Cooperation and Development (OECD).

Greece’s reform progress was the focus of European Commission Task Force’s sixth report, which was made public on Tuesday. The report noted progress in the country’s absorption of European Union funding, noting that nearly 80 percent of funds for the 2007-13 period have been absorbed. It also expressed concern about the lack of liquidity in the Greek market while urging Greek authorities to push forward with pending reforms and make full use of the technical assistance offered to them by the Task Force.

ekathimerini.com , Tuesday March 11, 2014 (20:04)  
KEELPNO blames stomach bug for sick tourists on Rhodes
KEPs to issue new and replacement driving licenses
EU funds reserved for waste facilities in northern Greece
Coalition mulls property tax changes
Report: Greek banks sturdily positioned
Greece’s banks are on sturdy capital ground, and if any capital injections are needed, the sum should not exceed 3.5 billion euros, Morgan Stanley notes in a new report. Morgan Stanley analy...
Economy stunted by property tax demands, report says
The overtaxation of property is suppressing the potential of an economic recovery, which could have been achieved as far back as the first quarter of 2013 had faulty and detrimental property...
Inside Business
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Self-destructing political system
It finally seemed as if we had found some peace of mind. The vast majority of Greek MPs chose to abstain from festivities on August 15, also known as Assumption Day, thus sparing us from the...
EDITORIAL
Welcome movement
Many have spoken about the need to spur economic growth in this debt-wracked country, but very few officials seem to actually be doing anything meaningful to make this happen. Recent weeks h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Report: Greek banks sturdily positioned
3. Economy stunted by property tax demands, report says
4. Primary surplus exceeds January-July target figure
5. KEPs to issue new and replacement driving licenses
6. EU funds reserved for waste facilities in northern Greece
more news
Today
This Week
1. Merkel cites euro’s ‘construction flaws’ as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canada’s fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Ministry sys ‘no’ to debt collection agencies
6. Karatzaferis eyes ND-LAOS alliance to stop Tsipras
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.