Wednesday Jul 30, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
PM pledges 1 billion euros of arrears will be settled by end of 2012

Prime Minister Antonis Samaras leaves the General Accounting Office in central Athens on Thursday.

One billion euros in state arrears will be disbursed by the end of the year after Greece received 34.3 billion euros in bailout funding this week, Prime Minister Antonis Samaras said on Thursday.

The premier conducted a visit to the General Accounting Office, where he met with Finance Minister Yannis Stournaras and other ministry officials, to discuss how the money would be allocated. The government is hoping that the gradual payment of some 9 billion euros of arrears in months to come, along with the completion of the bank recapitalization process, will improve liquidity and soften the impact of the ongoing recession.

“With the money that has been paid from the loan, the gradual payment of debts will begin tomorrow,” said Samaras.

Kathimerini understands that 40 million euros will be used to pay the one-off retirement packages of more than 1,200 civil servants, 255 million will go to the Interior Ministry so it can allocate the money to the country’s 42 municipalities, which also have arrears to pay, another 700 million euros will go toward paying tax returns, while the government also has to decide how to settle the bill that has been run up by the National Organization for Healthcare Provision (EOPYY). EOPYY owes about 100 million euros to hospitals and private clinics and another 80 million to pharmacists for drugs issued to insured patients in September.

Of the money received this week, 16 billion euros has been earmarked for bank recapitalization, 7 billion for budgetary financing and 11.3 billion to cover Greece’s bond buyback program.

There was contact on Thursday between the three parties in the governing coalition over the reshuffling of dozens of high-ranking staff at tax offices. PASOK and Democratic Left suggest that they had been caught unaware by the Finance Ministry’s announcement and expressed concern in private that the changes might be motivated by party political criteria.

The three coalition leaders met earlier this week to discuss ways to improve coordination within the government.

ekathimerini.com , Thursday December 20, 2012 (21:00)  
Doctors probed after pregnant woman is turned away twice in northern Greece
Deputy Supreme Court prosecutor resigns ´for personal reasons´
Second mineral water brand banned over E coli concerns
Public order minister set to reopen Acropolis police precinct
IMF says Cyprus will need more spending cuts
NICOSIA – Bailed-out Cyprus is likely to return to growth next year, the International Monetary Fund said on Wednesday, but cautioned the outlook was tempered by tensions over Ukraine and ba...
Greek CDS are back in trading
Trading in credit-default swaps tied to Greek government bonds has been reported by the Depository Trust & Clearing Corp for the first time since the country undertook the biggest sovereign ...
Inside Business
Greek league recruits Scottish former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greece’s former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek league recruits Scottish former referee Dallas
2. IMF says Cyprus will need more spending cuts
3. Greek CDS are back in trading
4. PPI grows 1.1 percent in June, ELSTAT reports
5. US billionaire eyes ´significant´ portion of 1 bln euros of new shares from Bank of Cyprus
6. Doctors probed after pregnant woman is turned away twice in northern Greece
more news
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. IMF's Lagarde not sure yet about debt relief for Greece
3. Six firms submit bids to lease Vouliagmeni beach
4. Coalition submits new proposals for Greek coastline
5. EU Commissioner Damanaki unlikely to return to Greek politics
6. Police arrest one, seek another three over counterfeit goods
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
6. Defense Minister Avramopoulos to represent Greece at European Commission
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.