Friday December 19, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras says agreement on measures has been reached with troika

Finance Minister Yannis Stournaras has informed journalists that there is an agreement between the Greek government and the troika on all aspects of the austerity and reform program and the coalition is likely to be in a position to submit the measures to Parliament by the end of the week.

The package has been sealed, Stournaras is reported to have told journalists, less than 24 hours after coalition partners Democratic Left and PASOK expressed objections to some aspects of the measures.

Democratic Left, the smallest of the three parties in the coalition, objected to some of the labor market reforms but it appears that a compromise with the troika has been found.

Sources said that instead of reducing the notice companies have to give to employees before making them redundant from six to three months, a compromise has been reached on four months.

Democratic Left had also objected to a restrictive cap on compensation for workers who are fired when they have at least 16 years of service. It appears it has been agreed that employees compensation for their first 16 years of service will be paid according to their salary, while the remaining years will be capped at 2,000 euros per year, which is higher than the troika originally proposed.

Greeces lenders have also agreed to maintain a benefit for married couples and have set aside for now a request to scrap the automatic three-year wage maturation for workers on the minimum wage.

Stournaras said that Greece would inform the Euro Working Group of the status of negotiations when technical staff meet in Brussels on Friday and Monday, ahead of the next Eurogroup meeting on November 12.

The measures of the new bailout memorandum will now be drafted in two bills that will be tabled in Parliament Stournaras reportedly said. He added that the bills would be categorized as urgent to speed up debating time.

The aim is for everything to have been approved by the House by November 12.

ekathimerini.com , Wednesday October 24, 2012 (14:43)  
Stores wrecked in protests to be let off municipal fees
SYRIZA rules out political consensus before polls
University transfers in doubt after process canceled at two departments
Coalition MPs push for compromise over president
Importers told to pay up in advance
In the last 10 days foreign suppliers have again started asking for the full cost of commodities exported to Greece to be paid in advance by their local representatives, in a picture reminis...
Jobless rate posts steady decline
Unemployment fell to 25.5 percent in the third quarter of the year, against 26.6 percent in the second quarter of 2014 and 27.2 percent in the third quarter of 2013, according to seasonally ...
Inside Business
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldnt make it up: That Sony, one of the worlds biggest film producers, would be forced to pull a comedy about the assassination of North Koreas dictator after a ...
COMMENTARY
Europes drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PAOK loss at Giannina brings Olympiakos to within a point
2. Reds lose in Turkey to motivated Galatasaray
3. Importers told to pay up in advance
4. Jobless rate posts steady decline
5. Piraeus and KKR strike loans portfolio deal
6. German approval and praise come at key time
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. Kammenos maintains firm position, says general election is 'one-way street'
4. What SYRIZA says about Greeces economy, its debt and the euro
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. Snap elections would lead to euro exit, says former premier
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Greece reruns doomsday scenario as politics collide with markets
6. Gap between SYRIZA and New Democracy closing, says poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.