Sunday October 26, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Coalition poised to unveil proposals on party finances, state funding

The government is to draft legislation aimed at creating greater transparency regarding party finances and to reduce the total funding they receive to around 10 million euros a year, sources told Sunday’s Kathimerini.

Over the last few weeks Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos have been discussing proposals aimed at restoring some trust in the political system. While the measures that are going to be proposed will be of a permanent nature, the government wants to publicize them before the local and European Parliament elections in May in the hope that they will also benefit New Democracy’s and PASOK’s ratings.

The latest idea is to introduce a new set of measures regarding party finances. The proposals being considered mean that parties would be forced to keep more detailed accounts and that their finances would not be checked by Parliament but by a special committee of judges. Also, citizens’ donations to parties would not be allowed to exceed 50,000 euros and, regardless of the amount, would have to be made public.

Any legislation would also contain provisions to reduce state funding for parties that have MPs elected to Parliament. A number of reductions over the last few years led to the total amount parliamentary parties receive dropping to 20 million euros last year. The government is thinking about halving this.

A bill containing these proposals is due to be submitted to Parliament in June.

The issue of party finances, particularly in terms of the debts racked up by New Democracy and PASOK, has been troublesome for the government. Last month, pro-business party Drasi called on New Democracy to come clean about the state of its bank loans after the conservatives insisted they are paying off their debts without delay. The exchange was prompted by European Competition Commissioner Joaquin Almunia informing Drasi leader Theodoros Skylakakis, who is an MEP, that ND owes 145 million euros and PASOK a little less. The commissioner also said that the majority of the loans were nonperforming as of January 2013.

Drasi called for further clarification and claimed that New Democracy is likely to be paying 11 to 12 million euros in annual interest, when its state funding only reaches 6 million euros a year.

ekathimerini.com , Saturday March 22, 2014 (18:00)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greece’s lenders seem adamant that gov’t must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Samaras pledges action after flash floods in Athens
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Nicosia says reforms are bringing results
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.