Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Focus shifts to aid talks

 As creditors seek compromise on Greece, PM pushes prior actions, coalition unity

With a crucial Eurogroup summit due to take place in Brussels on Tuesday, when Greece hopes to get at least initial approval for the release of vital rescue funding, Prime Minister Antonis Samaras has been focusing on projecting a united front to the country’s foreign creditors despite continuing upheaval within his coalition.

The approval of new aid –- likely to comprise three instalments “bundled” into a 44-billion-euro loan rather than the 31.5 billion euros originally anticipated –- remains the top priority for Samaras. But sources indicated that a final decision on new funding is unlikely to be taken until the end of this month due to an ongoing dispute between the International Monetary Fund and Germany regarding the funding gap created by a two-year extension granted to Greece to achieve fiscal adjustment targets and over how the country’s huge debt can be made sustainable.

The IMF continues to favor some kind of new haircut to Greek debt, a prospect opposed by Berlin. Once a decision is reached, it must be approved by the other 16 eurozone states, which will take at least a week.

On Saturday, Eurogroup Chairman Jean-Claude Juncker, one of the most consistent defender’s of Greece’s reform efforts, said that EU and IMF officials were “working intensively on a compromise on Greece and are making progress.” He also slammed Austrian officials for suggesting that a Greek eurozone exit was looming. “We must show solidarity with Greece and watch our words,” Juncker said.

In the meantime Samaras wants his ministers to proceed with the “prior actions” demanded by the troika, including an overhaul of the tax system, the creation of a committee to oversee the budget execution and the acceleration of privatizations.

As for a government reshuffle expected in coming weeks, Samaras is said to be keen to draw in new ministers from his junior partners, PASOK and Democratic Left, in order to bolster a sense of coalition unity and ward off the specter of snap elections next spring.

ekathimerini.com , Saturday November 17, 2012 (17:56)  
Samaras to represent Anastasiades at European Council meeting
Cyprus president to sit out EU summit due to high blood pressure
Strong winds hamper sea travel
Cyprus seeks EU response over Turkey´s EEZ violation
Arrivals show increase in January-June 2014 period
International travelers coming to Greece were up by 15.6 percent compared to 2013, according to a report released by the Hellenic Statistical Authority, ELSTAT, on Thursday. The report refer...
TBEX brings together 800 travel bloggers in Athens
Over 800 travel bloggers and writers were expected to meet in Athens on Thursday, the first day of the TBEX Europe 2014 conference, an annual gathering of travel industry professionals. Besi...
Inside Business
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Samaras to represent Anastasiades at European Council meeting
2. Arrivals show increase in January-June 2014 period
3. Cyprus president to sit out EU summit due to high blood pressure
4. Strong winds hamper sea travel
5. TBEX brings together 800 travel bloggers in Athens
6. Roberto´s heroics make Kasami´s goal count
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. At least 11 banks to fail European stress tests, three in Greece, report says
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.