Thursday October 23, 2014 Search
Weather | Athens
22o C
16o 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)  
Samaras to represent Anastasiades at European Council meeting
Cyprus president to sit out EU summit due to high blood pressure
Strong winds hamper sea travel
Cyprus seeks EU response over Turkey´s EEZ violation
Arrivals show increase in January-June 2014 period
International travelers coming to Greece were up by 15.6 percent compared to 2013, according to a report released by the Hellenic Statistical Authority, ELSTAT, on Thursday. The report refer...
TBEX brings together 800 travel bloggers in Athens
Over 800 travel bloggers and writers were expected to meet in Athens on Thursday, the first day of the TBEX Europe 2014 conference, an annual gathering of travel industry professionals. Besi...
Inside Business
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Samaras to represent Anastasiades at European Council meeting
2. Arrivals show increase in January-June 2014 period
3. Cyprus president to sit out EU summit due to high blood pressure
4. Strong winds hamper sea travel
5. TBEX brings together 800 travel bloggers in Athens
6. Roberto´s heroics make Kasami´s goal count
more news
Today
This Week
1. TBEX brings together 800 travel bloggers in Athens
2. Strong winds hamper sea travel
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. At least 11 banks to fail European stress tests, three in Greece, report says
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.