Friday April 25, 2014 Search
Weather | Athens
22o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras to face pressure for troika deal as elections loom

Finance Minister Yannis Stournaras is due back in Brussels on Monday where he is expected to come under pressure to push forward troika-mandated economic reforms amid reports that European officials are keen for the Greek government to wrap up negotiations quickly and shift its focus to European Parliament elections in May which are expected to be hotly contested.

Ahead of Monday’s Eurogroup, a top-ranking European official told Kathimerini that there is a desire for resolution. “Europeans want the evaluation of 2013 to conclude as soon as possible,” the official said, referring to a troika review that began in September. The official added that Europeans were prepared to tone down their demands as regards the thornier issues being negotiated, such as calls for relaxing restrictions on mass layoffs in the private sector and pressure for privatizations.

A key concern is to ensure that Prime Minister Antonis Samaras does not have additional political pressure on him ahead of elections in May when the leftist, anti-bailout SYRIZA is expected to make significant gains, as is the neo-fascist Golden Dawn.

Athens hopes that it can wrap up negotiations with troika officials, who are expected to return to Athens later this week, in time for the next scheduled Eurogroup summit on March 10.

The key sticking points in talks between Greece and the troika are the creditors’ demands for the adoption of a series of structural reforms set out in a report by the Organization for Economic Cooperation and Development (OECD) and the size of a primary surplus. The latter, once approved by the European Commission’s statistics service Eurostat, will provide the basis for the launch of discussions on much-desired debt relief for Greece. It remains unclear what form debt relief would take.

A senior European official told Kathimerini that a possible “haircut” on Greek debt had not been ruled out and was still on the table of proposals and being discussed along with an extension for loan repayments as a possible solution. However, the International Monetary Fund, which has long been emphasizing the need for a Greek haircut, is expected to soften it stance as the Fund’s managing director, Christine Lagarde, is interested in seeking the post of European Commission president, a European official told Kathimerini.

ekathimerini.com , Saturday February 15, 2014 (17:17)  
Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
Veteran leftist Glezos, 91, says standing in Euro elections out of duty
Work at new Athens cultural center gathering pace
Greece makes request for debt relief as loan tranche approved
Ellaktor lands major Doha metro project
Ellaktor subsidiary Aktor has secured the biggest construction project ever obtained by a Greek company abroad by signing the contract for the study and construction of the Gold Line Undergr...
World seeks produce from Greece
Honey from Greece is considered a worthy wedding present in Japan. Elsewhere in Asia, gifts of Greek melons are wrapped up in packaging normally associated with jewelry. This country’s fish ...
Inside Business
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
2. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
3. Ellaktor lands major Doha metro project
4. World seeks produce from Greece
5. Eurobank opens book for capital increase
6. Gov’t presents its growth model for the coming years
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
3. Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
4. Putting the party above the country
5. Three missing from cargo ship that went down off Crete
6. Central Athens cleanup a sign of Greece's turnaround
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.