Monday April 21, 2014 Search
Weather | Athens
19o C
14o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
PM, coalition partners to discuss revenue gap, troika inspection

Concern is mounting in the ranks of the fragile coalition about a shortfall in revenue and foot-dragging on a number of reforms as foreign inspectors prepare to return to Athens and union opposition to austerity peaks.

Prime Minister Antonis Samaras is due to discuss these and a host of other problems during a meeting scheduled for 6 p.m. on Monday with his coalition partners, socialist PASOK leader Evangelos Venizelos and Fotis Kouvelis of Democratic Left.

According to sources, serious delays in the implementation of reforms allocated to several ministries have prompted the premier to consider a government reshuffle, most likely next month following the scheduled congress of PASOK. Both Venizelos and Kouvelis are reportedly interested in increasing their parties’ involvement in the cabinet.

It remains unclear which ministers are likely to be dismissed though sources suggest that Samaras is unhappy with the performance of the Health, Administrative Reform, Environment and Justice ministries. Finance Minister Yannis Stournaras and Public Order Minister Nikos Dendias are believed to be the only two whose portfolios are “safe,” while Development Minister Costis Hatzidakis may be flanked by another official to boost efforts at drawing sorely needed investment.

Samaras was scheduled to meet with Hatzidakis over the weekend to discuss stalled plans for privatizing state assets – a rich potential source of much-needed revenue that remains largely unexploited due to fears of the political cost of projects that will incense unions as well as bureaucratic hurdles.

The country’s two main labor unions have upped the ante already, following weeks of rolling strikes by transport workers, calling a 24-hour walkout for Wednesday in protest at the government’s ongoing austerity drive.

Of greater immediate concern than the union pressure, however, are a series of worrying economic figures. The government will need to find ways of bolstering revenue, which last month was 7 percent below the budget target, while social security contributions are down by some 15 percent. With virtually no concrete progress on the levels of investment and privatization, it is expected that the troika will push the government to boost tax revenue and proceed with layoffs in the public sector.

ekathimerini.com , Saturday February 16, 2013 (18:01)  
Greek Christians mark rare Good Friday in north Cyprus
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
Today
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Greece startup leaders say they can’t break jobless cycle alone
4. Ground-breaking Good Friday mass signals thaw in Cyprus
5. IMF's Thomsen says Greece not fully financed to 2016
6. Mayoral candidates clash over Athens mosque plans
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.