Friday May 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Coalition hopes to avoid restoring armed forces wages in full

A meeting between Finance Minister Gikas Hardouvelis and representatives of the armed forces and emergency services, which was due to take place on Monday, has been called off as the government reconsiders its options on how to restore these groups’ salaries.

It emerged on Friday that the government believes that, despite a court ruling, it might not have to repay the whole amount of wages that soldiers and police officers have lost since July 2012, when the salary cuts were implemented. Sources said the coalition also believes the court verdict allows it not to restore salaries to their previous level but simply to impose cuts that are smaller than the 10 percent inflicted two years ago.

As things stand, the government will have to come up with around 650 million euros to cover the wages that need to be returned and to restore them to previous levels. However, this would be a substantial blow to the coalition’s attempts to meet this year’s fiscal targets. “The government decides fiscal policy, not the judiciary,” Hardouvelis said earlier this week, hinting at the coalition’s intention to find a way that would not involve it paying back the full amount.

The Council of State’s ruling earlier this year said that the government would have to return the wages of those serving in the armed forces or emergency services but added that salaries had been reduced by too much. The decision has been examined by the State’s Legal Council, which has advised the government that the ruling means it is not obliged to return salaries to their pre-July 2012 level.

Sources also said that the New Democracy-PASOK administration would seek to pay back any money in installments, possibly stretching them out over a period as long as five years.

Hardouvelis met on Friday with Prime Minister Antonis Samaras and Deputy Premier Evangelos Venizelos to discuss this issue but the meeting, in which several other government officials also took part, also focused on the multi-bill that the coalition is due to submit to Parliament shortly in order to complete the “prior actions” required by the troika. Once this is done Greece will qualify for another 1 billion euros in bailout loans.

ekathimerini.com , Friday Jul 25, 2014 (20:55)  
Greece, creditors seek breakthrough as clock runs down
Coast Guard officials linked to migrant traffickers
Civil aviation union cancels action on minister’s pledge
4.2-magnitude quake strikes off Crete
Greek credit contraction amounted to 2.4 pct in April
Credit expansion remained in negative territory last month as it contracted by 2.4 percent in April, according to data released on Friday by the Bank of Greece. In March the decline had come...
Export-oriented firms benefit from euro rate
The favorable shift in the exchange rate of the euro against the US dollar has led to the creation of two categories among Greek listed companies, as those who export their products to dolla...
Inside Business
SOCCER
Wemmer pens three-year deal with Panathinaikos
German defender Jens Wemmer has signed a three-year contract for an undisclosed sum with Panathinaikos, the Greek Super League club announced on Friday. Right-back Wemmer, 29, has been playi...
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
Inside Sports
COMMENTARY
Zenobia, Barbara, Christine and the general’s daughter
ATHENS – Lovely Palmyra has fallen to the zombie horde and its people are being slaughtered as the ancient city awaits its fate. It is Friday, May 22, 2015, and from my window I see the end-...
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Wemmer pens three-year deal with Panathinaikos
2. Greek credit contraction amounted to 2.4 pct in April
3. Export-oriented firms benefit from euro rate
4. VAT hike would put several Athens hotels at risk
5. ATHEX: May ends with a rise of 0.3 pct
6. Greece, creditors seek breakthrough as clock runs down
more news
Today
This Week
1. Greece creditors say no deal near as G-7 frustration vented
2. Only Greece can end its miserable 'Groundhog Day'
3. Next Greek aid program isn’t on table yet, says Moscovici
4. 12 Russians injured in lightning strike at ruins on Crete
5. Some blame EU Commission for Greek obstinacy in debt talks
6. The eurozone’s ‘ambiguous’ architecture
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.