Friday March 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gov’t on edge over deal

 Outlook unclear as Democratic Left continues to oppose labor reforms

Premier Antonis Samaras and Finance Minister Yannis Stournaras on Thursday kept up their efforts to sign off on an austerity deal with the troika as the two junior partners in the coalition continued to object to aspects of the tenuous agreement.

The biggest hurdle to finalizing the deal was posed by the smallest party in the coalition, Democratic Left, which persisted in its opposition to the troika’s demand for controversial labor reforms. In a statement issued late on Thursday, the party appealed to Greece’s eurozone partners to convince the troika to withdraw its demands on labor reforms. It indicated that if further concessions are made by Sunday its MPs would back the reforms.

Meanwhile Greece’s efforts at economic reform dominated a Euro Working Group session in Brussels that started on Thursday and is to resume on Monday. Troika officials made an initial presentation on Thursday of progress in negotiations with the Greek government, and European Commission spokesman Simon O’Connor indicated that there had been “substantial progress” but that “a few outstanding issues remain.”

Back in Athens, despite the absence of a final political deal, Samaras reportedly instructed the Cabinet’s secretary Takis Baltakos to start gathering all the documents for legislative reforms compiled by the various ministries to compile a catch-all multi-bill that will include the 13.5-billion-euro austerity package and a raft of structural reforms including the controversial labor reforms being rejected by Democratic Left. The original plan had been to submit the austerity bill and the structural reforms separately. However it now appears that Samaras and Stournaras want to pressure wavering lawmakers into backing the full package and not getting caught up in specific articles.

There was also upheaval within the ranks of socialist PASOK, where several MPs have declared their intention to vote against a legal provision aimed at fast-tracking privatizations through Parliament. The Socialist lawmakers want each proposed privatization to be submitted separately in Parliament for approval but Stournaras countered that this would seriously hamper the process.

Despite the political upheaval, Stournaras insisted that austerity measures would be submitted in Parliament next week, and as one bill rather than two. Earlier in the day he was taken to hospital, where he was diagnosed with a serious viral infection and exhaustion. He was discharged at his own request.

ekathimerini.com , Thursday October 25, 2012 (22:48)  
ND, PASOK say coalition signed up to tough terms
Greek defense minister heads to USA after controversy
Police find Xeros’s bomb-testing spot
Judges send 32 to trial for kickbacks in submarine deal
Bank deposits lost another 7.6 billion euros last month
Lenders saw their customers’ deposits shrink further last month, Bank of Greece data showed on Thursday, while the flight appears to be continuing this month. On the bright side, the Europea...
Cash concerns keep Athens bourse action tight
Cash is drying up in the Greek market and this is being felt increasingly at the local bourse as well, as the benchmark saw all its Tuesday gains evaporate on Thursday on relatively low turn...
Inside Business
BASKETBALL
All is well that ends well for Olympiakos
Young Ioannis Papapetrou helped Olympiakos stage an impressive last-quarter performance to beat visiting Efes Anadolu 86-75 on Thursday and bring its Euroleague losing streak to an end. The ...
BASKETBALL
Reds survive KAO Dramas scare in Piraeus
KAO Dramas gave depleted Olympiakos a scare at the Peace and Friendship Stadium on Monday, but the league leaders eventually managed to get their 20th win in 21 games. The Reds won by 10 (72...
Inside Sports
COMMENTARY
Time to get moving
More than two months have passed since the elections and the government has to stop running around in circles and adopt a program of specific reforms, with detailed calculations as to their ...
COMMENTARY
A competent crew is key
Greek politicians are mostly strangers to technocratic management and deft bargaining. The political system has regrettably unraveled the country’s public administration – a process set in m...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. All is well that ends well for Olympiakos
2. ND, PASOK say coalition signed up to tough terms
3. Greek defense minister heads to USA after controversy
4. Police find Xeros’s bomb-testing spot
5. Judges send 32 to trial for kickbacks in submarine deal
6. Greek, Chinese FMs discuss deepening countries’ ties
more news
Today
This Week
1. Greece optimistic on deal with euro area next week
2. Opposition renews calls for minister to resign over legal cases
3. Fed's Bullard: Grexit would be a Greek issue, not a euro issue
4. Greek foreign minister explores deepening of ties with China on Beijing visit
5. Stathakis against scrapping tax breaks for islands
6. New Xeros safe house found near Athens, police say
Today
This Week
1. Next Monday is D-Day for state funds
2. Total victory is unattainable
3. EU asks Greece for more reforms to speed talks on bailout
4. PM faces Merkel amid race to detail reforms
5. Some more equal than others
6. New book by ex-US diplomat delves deeper into the recesses of Greek terrorism
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.