Tuesday March 3, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Aid bagged, PM shifts focus to growth

 Samaras heralds initiative to boost investment, jobs after impromptu talks with EU commissioner Almunia

With evident relief at having secured the approval of international creditors for some 50 billion euros in rescue funding, Prime Minister Antonis Samaras on Friday heralded an initiative to boost much-needed growth in Greece’s moribund economy following impromptu talks in Brussels with Development Minister Costis Hatzidakis and European Competition Commissioner Joaquin Almunia.

The meeting was held on the sidelines of the European Council summit in the Belgian capital after Samaras invited Hatzidakis to join him and the commissioner for talks on Greece’s ambitious privatization program and its plans to increase use of EU structural funding. Addressing reporters after the talks, Samaras said he would invite representatives of all multinational companies doing business in Greece for talks at the Maximos Mansion on Monday in a bid to convince them to increase their presence in the country and help boost employment.

Samaras stressed the importance of “removing the stigma from doing business,” saying that otherwise “there will be no growth and instead of surging forward we will be dragged back to the point of no return.”

Though visibly relieved at the press conference, the premier emphasized the pressure that Greece is under to implement reforms that it has pledged to creditors, including a new tax bill that is not expected to be voted on in Parliament until January. “The day after has already begun, there is not a minute to relax,” he said, adding that

“we may have completed one marathon successfully but we must now start the next one.”

Representatives of Greece’s so-called troika of foreign creditors – the European Commission, European Central Bank and International Monetary Fund – are expected to be particularly strict in inspections over the coming weeks and months and the government is keen not to let them down and put further rescue loans in jeopardy.

But sources told Kathimerini that Samaras and his advisers are also concerned about the social impact of a new raft of austerity measures and are keen to strike a balance between imposing the reforms demanded by creditors and ensuring that Greeks can justifiably feel some optimism at the country’s prospects for emerging from a protracted period of austerity. The disbursement of rescue loans, expected as early next week, will make a palpable difference, the premier said. “I believe the release of the installment will influence the lives of all of us,” he said. “It will reverse the decline, it will change the psychology.”

Sources told Kathimerini that Samaras and Finance Minister Yannis Stournaras were very warmly received in Brussels by their EU counterparts, in contrast to previous visits, when the Greek delegation had faced a cool reception from skeptical peers.

Samaras expressed optimism that a decision by EU leaders to work toward forming a banking union could help Greece reduce its debt by another 50 billion euros in the future. He indicated that the creation of a single supervisory mechanism (SSM) for European banks would bring Greece a step closer to passing the cost of recapitalizing its lenders to the recently created European Stability Mechanism and not recording it as national debt. “If this happens, this would allow banks to be recapitalized directly from the ESM, which means it won’t burden the taxpayer,” Samaras said. “Greece is very interested in this as it would mean our 50 billion euros in recapitalization costs would not be recorded as national debt,” he added.

Returning to domestic issues, the prime minister insisted that his government would not back down in its efforts to tackle unfair privileges in the public sector. When questioned about comments by the head of the municipal workers’ union, Themis Balasopoulos, with regard to angry local authority workers “terrorizing” the government, Samaras replied, “We will terrorize the terrorists.”

ekathimerini.com , Friday December 14, 2012 (21:00)  
Prosecutors suggest conditional release for GD’s Michaloliakos, Pappas
Pedophile arrested in Athens
Crime boss Vlastos gives lengthy testimony in extortion racket case
Notice on military maneuvers in Aegean was a mistake, Turkey says
Teleconference for Varoufakis in view of upcoming Eurogroup
Greek Finance Minister Yanis Varoufakis on Tuesday reportedly took part in a teleconference with representatives from the International Monetary Fund, the European Central Bank and the Europ...
Greece’s week before March 9 meeting of euro finance ministers
Greece faces another week of hurdles before the March 9 meeting of euro-region finance ministers in Brussels, where they will evaluate the government’s list of proposed measures aimed at kee...
Inside Business
BASKETBALL
Waters turns from zero to hero for Kolossos Rhodes
For 40 minutes he was a real disappointment for his coach, Aris Lykoyiannis. His shooting rate was a miserable 1 in 10 two-point shots and he had made no three-pointers. On top of that he co...
SOCCER
Super League clubs promise to combat violence, again
The Super League clubs agreed on Monday to a blueprint of proposals for combatting violence in soccer grounds and will present it to Deputy Minister Stavros Kontonis to ask for the top fligh...
Inside Sports
COMMENTARY
The Greek tax drama
Numbers alone can never interpret reality, not even a strictly financial one. Besides, the art of creative accounting has a number of fans in this country, many more, for the time being, tha...
EDITORIAL
Mixed signals
Ankara finally realized, perhaps also thanks to international pressure, that its latest gesture was too provocative by any measure. Meanwhile, however, it was welcome to see the reflexes of ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Teleconference for Varoufakis in view of upcoming Eurogroup
2. Prosecutors suggest conditional release for GD’s Michaloliakos, Pappas
3. Pedophile arrested in Athens
4. Greece’s week before March 9 meeting of euro finance ministers
5. Crime boss Vlastos gives lengthy testimony in extortion racket case
6. Notice on military maneuvers in Aegean was a mistake, Turkey says
more news
Today
This Week
1. The Greek tax drama
2. Draghi’s QE moves to starting line as economic outlook brightens
3. Convicted Conspiracy of the Cells Fire member to face magistrate
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. Investor survey shows 38 pct chance of eurozone break-up in 12 months
6. Mixed signals
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Advertiser Link
“AMF” PROJECT FINAL CONFERENCE-REGIONAL UNIT OF THESPROTIA
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.