Monday March 2, 2015 Search
Weather | Athens
11o C
6o 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)  
Greece to make international protest over Turkey reserving Aegean air space
Spanish PM hits back at Greek accusation of anti-Athens axis
Greeces lenders skeptical on new bills but focus on funding needs
Lenders to be consulted over collective bargaining
ANALYSIS
Greek debt becoming less sustainable
The agreement between the Greek government and its lenders, which was sanctioned by the Eurogroup last Tuesday, appears to be more of a respite and less of a sea change in the relationship b...
No progress seen in tax administration
Tax evasion loopholes remain wide open in Greece, the monitoring mechanisms are still shackled to political power, and an apparent determination to adhere to all laws and regulations conceal...
Inside Business
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, because it is in no ones interest, as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece to make international protest over Turkey reserving Aegean air space
2. Super League to seek way out of impasse
3. Greek debt becoming less sustainable
4. No progress seen in tax administration
5. House protection criteria will benefit wealthy borrowers, too
6. Agenda
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greece's lenders skeptical on new bills but focus on funding needs
3. Schaeuble softens tone, says Greece 'needs time'
4. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
5. Lenders to be consulted over collective bargaining
6. Spanish PM hits back at Greek accusation of anti-Athens 'axis'
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. A fierce battle looms
3. The ignorance of the West about the culture of Islam
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. SYRIZA feeling the pain
6. The unlikely winners of Greece's surrender on euro
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.