Sunday November 23, 2014 Search
Weather | Athens
18o C
10o 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)  
Cyprus on agenda in Biden visit to Istanbul
PASOK nixes Papandreou leadership challenge
Troika tests gov’t nerves as budget rift persists
Climate change to hit farming, Greek coastline
Fitch keeps Greek rating at ‘B,’ outlook stable
Fitch Ratings retained Greece’s sovereign credit rating at ‘B’ and its outlook as stable late on Friday but warned of a downgrade should snap elections prove inconclusive or negotiations wit...
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 ...
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
Is Europe paying attention?
Barack Obama brought hope to the entire world when he was elected president of the United States in 2009 and then again in 2012 for a second term. During his first visit to Europe, marked by...
EDITORIAL
A reasonable agreement
Greece cannot and should not allow itself to be left without a safety net to make up for any funding needs that may crop up after the end of the year. Without such protection it would be at ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus on agenda in Biden visit to Istanbul
2. PASOK nixes Papandreou leadership challenge
3. Troika tests gov’t nerves as budget rift persists
4. Climate change to hit farming, Greek coastline
5. Piraeus nightclub shooting leaves 3 seriously injured
6. London court to rule on extradition of former judge
more news
Today
This Week
1. PASOK nixes Papandreou leadership challenge
2. Piraeus nightclub shooting leaves 3 seriously injured
3. Fitch keeps Greek rating at ‘B,’ outlook stable
4. Climate change to hit farming, Greek coastline
5. Cyprus on agenda in Biden visit to Istanbul
6. Troika tests gov’t nerves as budget rift persists
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. Anti-junta uprising anniversary to be marked amid tight security
4. Biden heads to Istanbul amid tension over Cyprus EEZ violation
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Every age has its collaborators
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.