Monday September 22, 2014 Search
Weather | Athens
27o C
19o 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 countrys 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 Greeces 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 Ministrys 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)  
Results of probe into 20 Lagarde list names due soon
Police refute reports of Jihadi training
Govt drafts plan to secure exit from memorandum
Greek commuters have relatively long wait
ANALYSIS
Pegging reforms to debt relief acts
The government appears determined to walk the road of Portugal by tapping the markets to avoid a third bailout loan from the EU and even show the IMF the door. However, it may trip if talks ...
Demand for diesel boosts total fuel sales
After five years (2009-13) of decline, the fuel market returned to positive territory in June, albeit at the marginal rate of 0.3 percent year-on-year, according to official data, capitalizi...
Inside Business
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Reds beat Veria to claim league lead
2. Pegging reforms to debt relief acts
3. Demand for diesel boosts total fuel sales
4. Foreign investors not overly concerned about political risk
5. IMF unhappy over social security debt collection
6. Agenda
more news
Today
This Week
1. IMF unhappy over social security debt collection
2. Foreign investors not overly concerned about political risk
3. Demand for diesel boosts total fuel sales
4. Agenda
5. Pegging reforms to debt relief acts
6. Greece can meet its needs on its own
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Central Athens traffic restrictions back in force on Monday
3. Greece can meet its needs on its own
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.