Tuesday May 5, 2015 Search
Weather | Athens
14o C
09o 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 Greeces 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)  
Pressure grows in talks
Girls father tied to grisly murder
Plan for health booklets for the uninsured
Guards have lost control of Greek prisons, says Panousis
Uncertainty, cash crunch keep entrepreneurship in stagnation
The dominant feature of the Greek business sector in recent months has been stagnation, even in cases classified as entrepreneurship of necessity. The trend that started in fall 2014 strengt...
Small decrease in registered jobless at OAED
The number of registered unemployed at the Greek Manpower Organization (OAED) posted a small annual decline of 1,171 workers in March, bringing the total to 1,057,050 people. In February it ...
Inside Business
TRACK & FIELD
Over 18,000 runners participate in the Athens Half Marathon
The 4th Athens Half Marathon was an unqualified organizing and sporting success on Sunday, as thousands of runners joined in the race of the 21-kilometers and the 3k and 5k runs in the capit...
SOCCER
Six teams to fight to avoid the last relegation spot
Panthrakikos was the biggest winner of the penultimate round of Super League games on Sunday through its victory at Veria, on the day that Olympiakos partied for its fifth consecutive title....
Inside Sports
COMMENTARY
Varoufakis should be heard
I have never met or spoken to Yanis Varoufakis, Greece's finance minister. Yet I feel I have gotten to know him through his writing and interviews, and by reading about his interactions with...
COMMENTARY
Wrong from the start
If the prime minister had handled negotiations with Greeces international creditors differently from the onset I would bet that he would have achieved an excellent deal both for himself and...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Pressure grows in talks
2. Uncertainty, cash crunch keep entrepreneurship in stagnation
3. Small decrease in registered jobless at OAED
4. Worrying signs for tourism
5. Girls father tied to grisly murder
6. Plan for health booklets for the uninsured
more news
Today
This Week
1. Varoufakis should be heard
2. Greece cites progress in talks with lenders, aims for May deal
3. Greek jobless legacy adds to danger for Tsipras as funds dwindle
4. IMF being stubborn on measures, says Skourletis
5. Greek nerves turning Asian money off Europe, ADB economist says
6. Varoufakis will represent Greece at Eurogroup, has gov't backing
Today
This Week
1. The Good, the Bad and the Ugly
2. Greeces day of reckoning inches closer as debt payments loom
3. Greek decision to exit euro would be disastrous for Greece
4. Greeces decade-long relationship with Merkel
5. Varoufakis attacked by anarchists while dining in Athens
6. No need to widen the rift
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.