Wednesday May 6, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
European Commission sets out next targets

The European Commission praised Greece on Friday for making “delayed but substantive progress” with structural reforms and producing a “strong” fiscal performance but also set the government some pressing deadlines this summer.

In its fourth review of the Greek adjustment program, Brussels identified a number of positives but also made it clear that Athens will not be allowed to let up. “It is essential to ensure that the ambitious reform agenda is fully implemented to close any remaining fiscal gaps,” the Commission said in its report.

Apart from referring to the better-than-expected 2013 primary surplus of 1.5 billion euros, under the troika’s calculations, the Commission also said that Greece is on track to meet its fiscal targets this year.

Brussels sees the economy growing this year for the first time since 2008, by 0.6 percent of gross domestic product. Nevertheless, 7.7 billion euros of new fiscal measures will have to be adopted between 2015 and 2017.

The more immediate concern for the government will be the prior actions that the Commission wants Greece to complete before it receives the next bailout installments of 1 billion euros each in June and July.

Troika officials are due back in Athens in June to check on the coalition’s progress, although a full review of the adjustment program will not begin until August.

Among the reforms being demanded by Greece’s lenders are giving the TAIPED privatization fund a greater role in the public organizations that are to be sold off, strengthening legislation against tax evasion and adopting a new law governing the funding of political parties.

These reforms have to be completed by the end of June, along with the scrapping of nuisance, or parafiscal, charges that raise revenues for auxiliary pension funds.

The government also has a range of targets to hit by the end of September. These include drafting the 2015 budget with new fiscal measures, passing legislation that will link civil servants’ pay to their performance and submitting a plan for a new overhaul of the pension system.

ekathimerini.com , Friday April 25, 2014 (19:06)  
SYRIZA to start mulling position on possible deal
Prosecutor wants to see 40 defendants take the stand in Postbank loan trial
European lenders dash Greek hopes for quick aid deal
Suspected child killer transferred to Corfu prison
Greek hotel rates return to pre-crisis levels
Online hotel rates in Greece reverted to pre-crisis levels this month, according to data collected by booking website Trivago. The average online rate for hotels in Greece in May has climbed...
Schaeuble: Any further aid to Greece must ‘make sense’
German Finance Minister Wolfgang Schaeuble said helping Greece is in Germany’s interest, though not at all costs, and Greeks shouldn’t blame international creditors for their financial woes....
Inside Business
SOCCER
UEFA concern over Greek soccer violence bill
Greece provoked fresh concern from European soccer's governing body UEFA on Wednesday over governmental interference which could lead to the Euro 2004 winners' international suspension. UEFA...
SOCCER
Greece set to escape ban as sports law goes to parliament
Greek soccer is set to breathe a sigh of relief as the country's controversial new sports law was submitted to parliament on Wednesday with the necessary amendments to avoid a FIFA and UEFA ...
Inside Sports
COMMENTARY
Greece´s ´Blazing Saddles´ strategy isn´t working
There's a scene in the 1974 Mel Brooks movie "Blazing Saddles" where the besieged sheriff points a gun at his own head and threatens to shoot himself if the townspeople threatening to kill h...
COMMENTARY
A ‘logical’ scenario vs historical accidents
The country has reached a point where there is only one “logical” scenario left. By now, Prime Minister Alexis Tsipras understands very well the meaning of bankruptcy, a credit event and a G...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hotel rates return to pre-crisis levels
2. SYRIZA to start mulling position on possible deal
3. Schaeuble: Any further aid to Greece must ‘make sense’
4. Greek banks face difficulties in trading currencies
5. Prosecutor wants to see 40 defendants take the stand in Postbank loan trial
6. European lenders dash Greek hopes for quick aid deal
more news
Today
This Week
1. Greece's 'Blazing Saddles' strategy isn't working
2. A ‘logical’ scenario vs historical accidents
3. Greece said to have made 200 mln euro IMF payment due Wednesday
4. Mardas denies report he transferred cash abroad after joining gov't
5. Defense minister offers to bolster NATO, help fight against terrorism
6. Inexplicable decision
Today
This Week
1. The Good, the Bad and the Ugly
2. Greece’s decade-long relationship with Merkel
3. Greek decision to exit euro would be disastrous for Greece
4. Varoufakis attacked by anarchists while dining in Athens
5. No need to widen the rift
6. Empty admissions of fault
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.