Wednesday April 1, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Coalition unable to conclude talks with lenders

 Democratic Left leader Fotis Kouvelis draws line at labor reforms
Democratic Left party leader Fotis Kouvelis is seen at the end of a press briefing following a meeting with Prime Minister Antonis Samaras and PASOK chief Evangelos Venizelos in Parliament in Athens, yesterday.

Greece’s three-party coalition government faces its toughest challenge since coming to power in June after leaders were unable to agree Tuesday on some of the structural reforms demanded by the troika, a development which has complicated the process of Athens receiving its next bailout tranche.

Prime Minister Antonis Samaras, PASOK leader Evangelos Venizelos and Democratic Left chief Fotis Kouvelis met Tuesday with the aim of tying up the loose ends in Greek negotiations with the troika. While the 13.5 billion euros of austerity measures have been virtually agreed, differences remained over some of the structural reforms.

Following the meeting, it quickly became apparent that these gaps had not been bridged. Kouvelis said that his party would not vote for the labor reforms being demanded by the troika, which include a cap being set on compensation for sacked workers.

“If the unacceptable demands of the troika are met, they will increase sackings, unemployment and the recession,” said Kouvelis, adding that he felt the troika was aiming to “flatten” any working rights that remain.

After Kouvelis, Venizelos also expressed reluctance to back the measures. As Samaras wants to pass all the fiscal measures as one bill and all the structural reforms as another, the only way PASOK or Democratic Left could display their opposition to changes in labor legislation would be to reject the whole package.

“It is unjustified and provocative that the issue of labor reforms should be brought up now,” stated Venizelos, who said the changes would not contribute toward Greece meetings its fiscal targets.

Two-and-half hours after the meeting, Samaras emerged to give a short statement in which he essentially called on his coalition partners to rethink their stance.

“I am well aware of what is at stake for the country today,” he said. “We have already changed a lot of the troika’s initial suggestions, including those relating to the labor market. Negotiations are continuing.

“I do not even want to think about what could happen if I do not keep a steady hand on the wheel. I am looking ahead, asking for the broadest possible unity. Those of us who dare will save Greece.”

Another issue that cropped up during the talks was objections from PASOK to an apparent proposal by the German Finance Ministry for the creation of an escrow account into which Greece’s loan tranches and tax revenues would be deposited and for which there would be some level of outside control. There is also a suggestion that the Germans would like there to be an automatic mechanism to limit public spending if the deficit is not within agreed targets.

“We are not a protectorate,” said Venizelos. “Our partners and the troika have to understand that.”

Earlier in the day, German Finance Minister Wolfgang Schaeuble had referred to “mechanisms” and “automatic stabilizers” without being specific.

“It will be politically difficult for Greece to accept,” he admitted.

ekathimerini.com , Tuesday October 23, 2012 (22:13)  
Finance Ministry officials to discuss talks progress as EU pushes for action
Trial of suspects in Salamina torture case starts
Turkish seismic research vessel leaves Cyprus EEZ
Mother of Conspiracy convict released, girlfriend remains in custody
Business sentiment in decline
Business sentiment and consumer confidence were in decline in March, according to a monthly survey conducted by the Foundation for Economic and Industrial Research (IOBE) and published on Tu...
Ministry headache over T-bills
The Finance Ministry is trying to find a solution to cover treasury bills to be issued next Wednesday, while the payment of the next tranche to the International Monetary Fund the following ...
Inside Business
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. AEK could get a wild card to the Euroleague
2. Business sentiment in decline
3. Ministry headache over T-bills
4. Lafazanis reaches preliminary energy package deal in Russia
5. Bank recap cash can’t be used for other purposes
6. EIB said to have frozen funding
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. Greece, EU/IMF lenders end round of technical talks without deal
4. Investment guru Mark Mobius rules out Grexit, advises sell-offs
5. A pointless debate
6. Greek government proposes measures worth 3.7 bln
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.