Sunday Jan 25, 2015 Search
Weather | Athens
17o C
10o 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)  
Exit polls suggest big margin of victory for SYRIZA
Greece’s diplomatic missions ‘on hand to assist Greeks in Ukraine’
ANTARSYA, GD representatives attacked at polling stations
Thessaloniki police catch suspected Turk terrorist
Bundesbank chief Weidmann urges new Greek government to stick to agreements
Bundesbank President Jens Weidmann said on Sunday Greece would continue to need aid and would only get this by sticking to its agreements, adding that he hoped the new government would not m...
Draghi’s QE promise to Greece depends on debt-market math
Greece’s inclusion in the European Central Bank’s bond-buying plan this year doesn’t just depend on its new government sticking to a bailout program. It also relies on some debt-market arith...
Inside Business
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
FOCUS
A SYRIZA government in Greece: what it wants and what might be possible
The left-wing SYRIZA party led by Alexis Tsipras looks likely to win the Greek general election on Sunday after campaigning on a pledge to renegotiate the country’s international bailout and...
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sunday’s election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bundesbank chief Weidmann urges new Greek government to stick to agreements
2. Exit polls suggest big margin of victory for SYRIZA
3. Greece’s diplomatic missions ‘on hand to assist Greeks in Ukraine’
4. ANTARSYA, GD representatives attacked at polling stations
5. Thessaloniki police catch suspected Turk terrorist
6. Greek Elections 2015 Results | LIVE
more news
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greeks vote for reform path or defiance
3. Greek Elections 2015 Results | LIVE
4. A SYRIZA government in Greece: what it wants and what might be possible
5. SYRIZA aims for landmark election win
6. Greece votes on whether to dump austerity, take on lenders
Today
This Week
1. Greek Elections 2015 | LIVE
2. Piraeus Bank is third lender to request ELA
3. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
4. Greek Elections 2015 | LIVE
5. Fitch lowers Greece credit outlook to 'negative'
6. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.