Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
PM assures no new measures will be needed after deal is reached with troika [Update]

Prime Minister Antonis Samaras on Tuesday insisted that no new austerity measures will be required as part of a deal reached earlier in the day between the Greek government and troika inspectors following seven months of tough negotiations.

"Today a long period of tribulations has ended, and a new beginning is being made," Samaras said.

Speaking from the Finance Ministry where the last marathon session of talks was held between government officials and representatives of the European Commission, European Central Bank and International Monetary Fund on a string of reforms Greece will have to implement in order to receive the next tranche of bailout funding, Samaras also pledged that 5 million euros from the 2013 primary surplus - which one high-ranking Finance Ministry source has put at 2.9 billion euros - will be distributed among poor Greeks hit by the six-year recession.

He further pledged to reduce state arrears of approximately 4.8 billion euros by 2.3 billion euros before the end of the year.

Finance Minister Yannis Stournaras said that details of the staff-level agreement, which have dragged on since September as the government haggled with the troika over a series of contentious reforms, will be announced later in day.

"These were seven very, very difficult months," Stournaras said, adding that the agreement is being written up.

"This review was the toughest we've had so far," he said.

Official statements are also expected from the European Union.

ekathimerini.com , Tuesday March 18, 2014 (15:13)  
Cyprus court ruling opens way for bailout funds
Greek PM appoints new defense, development ministers [Update]
PSI victims protest in Athens, Thessaloniki
Archaeologists find underground vault in Amphipolis tomb
Eurozone inflation up, unemployment steady, Eurostat reports
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed on Friday, providing only limited reassurance that a modest econom...
Greek retail sales rise for third month in a row
Greek retail sales by volume rose 7.4 percent in August compared to the same month last year, after a downwardly revised 4.7 percent increase in July, statistics service ELSTAT said on Frida...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus court ruling opens way for bailout funds
2. Greek PM appoints new defense, development ministers [Update]
3. PSI victims protest in Athens, Thessaloniki
4. Archaeologists find underground vault in Amphipolis tomb
5. Eurozone inflation up, unemployment steady, Eurostat reports
6. Nikos Dendias appointed defense minister
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
3. Germany’s 10-year bonds decline before euro-area inflation data
4. Greek retail sales rise for third month in a row
5. New defense minister to be appointed without reshuffle
6. Traffic accidents rise 1.3 pct in August, year-on-year
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.