Friday February 27, 2015 Search
Weather | Athens
11o C
6o 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)  
Gov’t raises concern over payment to IMF in March
More than 300 migrants released
Charges faced by ex-minister ‘have expired,’ legal expert says
After facing down SYRIZA MPs, Greek PM mulls bringing deal to Parliament
Minister says he hopes that ENFIA ends
Minister of State for Coordinating Government Operations Alekos Flambouraris stated on Thursday that he believes the Single Property Tax (ENFIA) will be replaced by a large property tax, giv...
Postponing an IMF tranche ‘means default’
The possibility of Greece postponing the repayment of any debt tranches to the International Monetary Fund is seen as “exceptionally complicated” with “many obstacles,” according to official...
Inside Business
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
BASKETBALL
Greens lose at Maccabi but preserve head-to-head advantage
Panathinaikos suffered its third loss in eight games at the second stage of the Euroleague going down 73-70 at Maccabi Tel Aviv on Thursday, but has preserved its better head-to-head record ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
ANALYSIS
Having it both ways: Greece´s doublespeak to Brussels and voters
Gingerly treading between its anti-austerity promises to voters and its pledges to skeptical international creditors, Greece's new radical government is resorting to doublespeak to keep ever...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ten-man Olympiakos couldn´t overcome Dnipro
2. Greens lose at Maccabi but preserve head-to-head advantage
3. Minister says he hopes that ENFIA ends
4. Postponing an IMF tranche ‘means default’
5. Stournaras says deal must be completed
6. Panathinaikos deducted the three points earned at the derby
more news
Today
This Week
1. The unlikely winners of Greece's surrender on euro
2. SYRIZA feeling the pain
3. Turkish jets violate Greek air space
4. Schaeuble tells MPs Varoufakis 'strains' EU solidarity
5. Merkel faces stepped-up dissent on Greek bailout among lawmakers
6. Greek bank deposits return after bailout extension
Today
This Week
1. Greece prepares extension request for eurozone approval
2. Time for Alexis Tsipras to keep his nerve
3. Stubborn but not almighty
4. Greek bailout deal faces review by euro officials next week
5. Greece says eurozone deal won time as cash bled from banks
6. The ignorance of the West about the culture of Islam
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.