Tuesday October 21, 2014 Search
Weather | Athens
24o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Labor issues on table as talks with troika go down to the wire

Government officials held a series of meetings on Friday in a bid to galvanize Greece’s position on a series of key points of contention with the troika ahead of a late night meeting with the foreign auditors as sources said officials were still hoping for a deal by Sunday night.

According to sources, the key stumbling blocks in the negotiations are over the extent of structural reforms that Greece must enforce to boost competition as well as a delayed overhaul of the civil service. But troika officials are also said to be pushing for the scrapping of automatic wage increases for those on minimum pay, which is currently set at 586.08 euros per month. Greek officials are expected to object to any measures that would exacerbate unemployment, which is already at record levels, but sources indicated that the government could accept the revocation of the automatic wage increases in the case of the long-term unemployed.

The troika is also believed to be pushing for restrictions to layoffs in the private sector to be lifted and for an additional 2,000 civil service redundancies in 2015 even though the government has insisted that further dismissals in the public sector – beyond the 15,000 for this year and next – are out of the question.

Another matter to be discussed over the weekend is that of the primary surplus Greece is expected to post and the bulk of which Prime Minister Antonis Samaras has pledged to distribute to low-income pensioners and members of the police and security services who have seen their salaries slashed. Samaras has promised 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 reportedly wants the sum to be drawn from the amount by which Greece overshoots its 2014 primary surplus target of 2.9 billion euros.

Finance Minister Yannis Stournaras met with several of his cabinet peers on Friday ahead of a fresh round of talks with the troika over the weekend; those were to begin with a meeting late on Friday night between troika envoys and Development Minister Costis Hatzidakis, who has been tasked with overseeing the bulk of the structural reforms.

ekathimerini.com , Friday March 14, 2014 (19:57)  
Wage dispute hurts gov’t unity before troika return
Most Britons want to see Parthenon Marbles back in Athens, poll shows
Turkey tests Cyprus after research vessel encroaches on offshore gas area
Doctors’ disiplinary panel needs surgery
ANALYSIS
At loggerheads over role of the IMF
The Greek coalition government’s plan for a clean exit from the European Union / International Monetary Fund program was dealt a deadly blow by the markets last week on the back of rising po...
Hong Kong telecom group buys out Greek start-up
Hong Kong-based telecommunications multinational PCCW Global has announced it has bought out Greek start-up Crypteia Networks, aiming to incorporate its products into the group’s portfolio. ...
Inside Business
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the country’s problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK fans stop coach Markopoulos´s move to Olympiakos
2. At loggerheads over role of the IMF
3. Hong Kong telecom group buys out Greek start-up
4. Local tourism could see more arrivals, investments next year
5. Troika exerts pressure using return date
6. Wage dispute hurts gov’t unity before troika return
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. European leaders pivot back to debt crisis after wake-up call
5. Hardouvelis does not see 'big surprises' in ECB stress tests
6. Stop moaning and get in the game
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.