Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
No troika deal before EU summit

European Commission envoy Matthias Mors (left) arrives at the Greek Finance ministry in Athens on Monday

Efforts to conclude an agreement between Athens and the troika ahead of the European Union leaders’ summit on Thursday are unlikely to succeed as the two sides remained some distance apart on the austerity measures and structural reforms needed to seal the deal.

This means that a decision on the disbursement of Greece’s next loan tranche will have have to be taken at an extraordinary Eurogroup meeting toward the end of this month or at the beginning of November. Eurozone finance ministers are due to meet on November 12 but should there be an agreement in Athens over the next few days, another meeting to decide on the Greek installment is likely to be called before then.

The troika’s latest demands, particularly with respect to the labor market, where Greece’s lenders want the notice period and compensation for workers facing dismissal to be reduced substantially, have created friction in the coalition. PASOK and Democratic Left have expressed their concerns to Samaras, who is due to meet with his coalition partners, Evangelos Venizelos and Fotis Kouvelis, on Tuesday afternoon.

The troika is due to resume talks with Labor Minister Yiannis Vroutsis on Tuesday. Greece’s lenders want the notice period to be reduced from six months to three and for the compensation to be a maximum of 12 months’ pay rather than 24.

Another sticking point is the troika’s demand for immediate sackings in the public sector. A meeting between visiting officials and Administrative Reform Minister Antonis Manitakis on Monday failed to yield results, although the latter said he was hopeful that there would be an agreement. The troika has rejected a plan for 15,000 civil servants to be dismissed with reduced wages for a year, demanding instead that bureaucrats from state organizations that are closed or merged be made redundant straight away.

ekathimerini.com , Monday October 15, 2012 (22:43)  
Major effort under way after floods in Serres
Golden Dawn´s No 2 released, as protests over trial linger
PM puts opposition on spot, reveals little on reform list, creditor talks
Turkish Cypriots say they will halt gas search as Greek president visits Nicosia
Hoteliers hire firm to monitor illegal tourism accommodation
Greek tourism bodies are forming a strong front – including a dedicated inspection unit – against the phenomenon of illegal tourism accommodation. The latter constitutes a major source of ta...
Construction crumbles by 80 percent in just five years
Construction in Greece has suffered one of the biggest declines to have been recorded by any professional sector within just a few years, as business activity in the domain has dropped as mu...
Inside Business
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
INTERVIEW
Releasing migrants from detention centers not enough, says UN rights watchdog
The Greek government's shift on immigration is “the beginning of what will no doubt be a difficult process,” according to Jan Jarab, regional representative for Europe of the High Commission...
COMMENTARY
Tsipras needs rupture with far-left, not Brussels
Does Alexis Tsipras, the Greek prime minister, have the guts to break with his far-left faction? The country’s fate hangs on the answer to this question. Greece’s immediate prospects are dic...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus soccer eyes reunion after 60-year divorce
2. Hoteliers hire firm to monitor illegal tourism accommodation
3. Construction crumbles by 80 percent in just five years
4. Cosco plans for ship repair unit at Salamina
5. Major effort under way after floods in Serres
6. Golden Dawn´s No 2 released, as protests over trial linger
more news
Today
This Week
1. ECB nerves fray on Greece as supervisors rile central bankers
2. Greek markets show all at risk should mistake trigger a default
3. Talks in Brussels continue but Greece and lenders 'not there yet'
4. Greece says not backing down on debt relief goal
5. Work on tram extension begins in Piraeus
6. European stock-index futures rise as investors look to Greece
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.