Wednesday Jul 30, 2014 Search
Weather | Athens
31o C
24o 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)  
Troika review in Athens unaffected by Paris meeting
Soldiers set to sue over wages
Multi-bill tabled in Parliament
Nimetz in Athens without concrete ideas on name dispute
Deals reached for twin plot on Afandou, for 42 million
State sell-off fund TAIPED announced pn Tuesday that it has reached a deal for the utilization of two adjoined plots at Afandou on Rhodes, amounting to 42.1 million euros. The fund’s governi...
More delays and red tape for companies’ tax rebates
The General Secretariat for Public Revenues has added one more bureaucratic obstacle to the efforts of cash-starved enterprises to secure liquidity, as a new regulation stipulates that they ...
Inside Business
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Through insecurity comes optimism
Prime Minister Antonis Samaras recently expressed his optimism regarding the quota of 180 Parliamentary deputies required for the election of Greece’s next president, in order for the countr...
EDITORIAL
Futile policy
The policy that Israel has been pursuing vis-a-vis the Palestinians is wrong and futile. Current tactics have failed to resolve the security issue and, at the same time, they are rapidly dra...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Deals reached for twin plot on Afandou, for 42 million
2. More delays and red tape for companies’ tax rebates
3. Greek shipowners continue to invest in fleet renewal
4. Trainose sale is not on track
5. Industry asks for gov’t intervention
6. Troika review in Athens unaffected by Paris meeting
more news
Today
This Week
1. Greece names fifth privatization agency chief in four years
2. Archaeological council bans international climbers' gathering at Meteora
3. World’s largest solar boat on Greek mission
4. Venizelos to meet Nimetz in Athens
5. Tsipras discusses Cyprus with Anastasiades in Athens
6. More than 120,000 households to receive special benefit
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. Greek coast guard picks up 77 migrants off Myconos
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.