Thursday Jan 29, 2015 Search
Weather | Athens
14o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Surplus will make its way to low-income Greeks as pledged, officials say

Prime Minister Antonis Samaras is determined to distribute the bulk of a projected primary surplus to vulnerable social groups as promised, Kathimerini understands, despite reports that the troika has shifted its stance on the matter, putting the government on a possible collision course with the foreign inspectors as negotiations resume.

According to sources, Samaras is determined to stick to his guns and give 70 percent of the primary surplus for 2013 – the size of which will not be determined until April – to low-income pensioners and members of the police and armed forces, as he has repeatedly promised. The troika is understood to object to this plan, proposing instead that the handouts be drawn from the amount by which Greece overshoots its primary surplus target for 2014, which is 2.9 billion euros. The alleged shift has irked the government, which is preparing for local and regional authority elections in May and cannot afford to be seen to be breaking promises.

The foreign creditors’ insistence on a deal in negotiations by Sunday has also annoyed Greek officials who note that a deadline should not be imposed before a deal is reached.

A key sticking point in the talks is the enforcement of certain structural reforms, which are aimed at lifting barriers to competition and are set out in a report by the Organization for Economic Cooperation and Development (OECD), and have rattled special interest groups. The government is pushing back against troika demands for supermarkets to be given the right to sell non-prescription medicines. Also, as regards demands for an extension to the shelf life of milk, the Greek side has said it will not consent to reforms that harm the interests of Greek producers.

Troika mission chiefs are due back in Athens on Thursday to resume talks following a three-day break prompted by Monday’s Eurogroup summit in Brussels, where eurozone officials urged Athens to quickly conclude a long-running review of its economic review.

In a speech in the European Parliament in Brussels on Wednesday, European Economic and Monetary Affairs Commissioner Olli Rehn praised Greece for the extent of its fiscal adjustment, referring to “tangible signs of growth” and noting that the country was on course to post a primary surplus for the first time in years.

ekathimerini.com , Wednesday March 12, 2014 (19:51)  
New Democracy looks to pick up the pieces
New Greek FM to address dispute with EU on Russian sanctions
Ministry handover fuels reform vows
Tsipras tries to strike balanced tone in first cabinet address
Reinstatement of minimum monthly salary at 751 euros
New Labor Minister Panos Skourletis announced on Wednesday the immediate restoration of the negotiation process for collective labor contracts and the Organization for Mediation and Arbitrat...
Full speed backward for Greece’s energy policy
Greece’s energy strategy, from privatizations to energy diplomacy, will be fully reversed as of today, new Production Reconstruction and Energy Minister Panayiotis Lafazanis announced on Wed...
Inside Business
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
Greece puts mind over money
Whenever a public intellectual runs for or is appointed to high public office, people who think and/or write for a living tend to get very excited. At some point after that, they usually get...
COMMENTARY
EU must accept that Greek debt relief is inevitable
A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What's uncertain is how their respective governments will justify the new dea...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reinstatement of minimum monthly salary at 751 euros
2. Full speed backward for Greece’s energy policy
3. Bank deposits have lost over 7 bln this month
4. Deal with Cosco to be reviewed after OLP tender is called off
5. Greek markets crash on gov’t pledges
6. New Democracy looks to pick up the pieces
more news
Today
This Week
1. Athens may veto further EU sanctions against Russia
2. Greek PM Tsipras pushes on with radical change, markets tumble [Update]
3. EU must accept that Greek debt relief is inevitable
4. Greece's looming clash in Europe starts with sanctions on Russia
5. EU toughens stance after Tsipras names cabinet
6. A turn toward responsibility
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Greek Elections 2015: The day after | LIVE
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.