Saturday May 25, 2013 Search
Weather | Athens
27o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika visit next week due to be brief

Top officials from the European Commission, the European Central Bank and the International Monetary Fund are expected to spend only four days in Athens next week, when they will be briefed by the government on the measures it plans to take, before producing their report for Greece’s eurozone partners toward the end of August.

The officials from what is collectively known as the troika are due in Athens on Tuesday and are expected to leave by Friday. Finance Minister Yannis Stournaras is due to meet with the visiting representatives on Thursday, July 26, to outline the measures the coalition plans to take over the next two years to save 11.5 billion euros.

Apart from that, Stournaras is also expected to assure the troika officials that no more measures beyond the 3 billion euros of cuts set out earlier this year will be needed in 2012.

The finance minister will also attempt to convince the technocrats that cuts to so-called special salaries in the civil service, which mainly relate to those serving in the armed forces and police, will not be needed as the savings can come from other areas. Using the argument that Greece is experiencing a bigger economic contraction than expected this year, Stournaras may also argue that some measures, such as the increase on value-added tax at hotels and restaurants, need to be reversed.

Troika technical staff will remain in Athens until the end of the month and are due back in Greece a couple of weeks later to wrap up the review of the Greek program, which is expected some time after August 20 and will form the basis for discussion at the September Eurogroup meeting, when Stournaras is likely to put Greece’s case for at least an extension to the fiscal adjustment period, which is due to end in 2014.

ekathimerini.com , Friday Jul 20, 2012 (09:41)  
IMF chief Lagarde to be ´assisting witness´ in corruption trial
Diamantopoulou is latest ex-PASOK minister to break from party, eye new group
Ex-minister says trial part of parties’ ‘plot’
Half of young Greeks will not vote for MEPs
ENERGY
Industries protest over delays in drop of energy costs
Energy-intensive industries on Friday protested a delay in measures announced a couple of months ago for reducing energy costs and for ironing out the electricity market distortions that sig...
FINANCE
TaxisNet opens late and not without problems
TaxisNet, the electronic portal for submitting tax declarations, opened on Friday afternoon after a delay of four days, in a year when almost all taxpayers will need to use the web to file t...
Inside Business
SOCCER
PAOK bounces back to win at Asteras
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
BASKETBALL
Playoffs begin in basketball with Rethymno upsetting PAOK
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
Inside Sports
COMMENTARY
Citizens´ self-defense
The dramatic appeal for a national mobilization in the face of a heightened threat of devastating forest fires this summer, which Public Order Minister Nikos Dendias voiced in Parliament on ...
EDITORIAL
Fire protection is everyone´s duty
The danger of wildfires breaking out across the country in the summer period is just as high this year just as it has been every other year before. But, the tools and infrastructure availabl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. IMF chief Lagarde to be ´assisting witness´ in corruption trial
2. Industries protest over delays in drop of energy costs
3. TaxisNet opens late and not without problems
4. Tourism arrivals confirm record expectations
5. NBG posts remarkably high profits
6. Diamantopoulou is latest ex-PASOK minister to break from party, eye new group
more news
Today
This Week
1. Pangrati shootout leads to officer taking bullet in vest
2. Court rejects Tsochatzopoulos appeal for ex-PM to testify
3. Data on courtesy cars for politicians submitted to Parl't
4. Papaconstantinou has 'huge responsibility,' publisher tells Lagarde list inquiry
5. SYRIZA looks to overhaul of 'oligopolistic' media
6. Submission of online tax declarations begins
Today
This Week
1. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
2. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
3. Eurozone decisions on direct bank recap and debt relief for Greece imminent, says Dijsellbloem
4. Greece isn't turning the corner
5. On a dangerous path
6. Poll shows SYRIZA edge ahead, low faith in all parties
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.