Wednesday April 1, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Government to reevaluate austerity drive

 Minister heralds revoking cuts for police and military as source reveals a tax relief plan is in the works

The government is planning to revise some of its economic policies, chiefly a series of taxes, in a drive that will not undermine troika-imposed policies and is slated for next year, Kathimerini has learned.

Meanwhile, faced with a minor revolt within the coalition after several MPs threatened to vote down an amendment revoking cuts to judges’ salaries and pensions, Alternate Finance Minister Christos Staikouras said similar action would be taken for police and armed forces staff who suffered cuts to their income as part of a troika-mandated austerity plan.

“There will be adjustments in due course,” Staikouras told Parliament shortly before a legislative amendment restoring the salaries and pensions of judges to pre-crisis levels was approved. He did not specify the size of the sum that would be required, noting that the ruling ordering the revocation of salary cuts for police and armed forces staff was taken this year and so has not been budgeted for. Sources indicated, however, that some 650 million euros will be necessary.

Staikouras said the government would “examine ways to cover the fiscal gap that will invariably be created” by the cash it will be obliged to pay out.

This gap is likely to grow as civil servants from other sectors have also been vindicated in court while others are preparing appeals. Hospital doctors said they were planning legal action against cuts to their incomes. Dimitris Varnavas, the head of the Federation of Greek Hospital Doctors, known by its Greek acronym OENGE, told Kathimerini that medics have lost 40 percent of their income since the onset of Greece’s financial crisis. OENGE is seeking to coordinate local unions across the country with the aim of submitting their appeals to courts of first instance and then to the Council of State, the country’s highest administrative court.

The additional pressures on Greece’s limited finances come amid indications that the government is preparing a tax relief package to offset the impact of years of austerity, according to a top-ranking Finance Ministry official who said the reforms would be enforced from 2015 onward and would not involve Athens reneging on pledges to the troika. Existing levies set to be revised include a special tax on heating fuel and a unified property tax, the official said.

ekathimerini.com , Thursday June 26, 2014 (22:58)  
Anastasiades welcomes Barbaros departure, urges Turkey to respect Cyprus´s sovereign rights
Man fined 60,000 euros for shooting neighbor´s dogs to death
Protesters occupy Xanthi municipality
Greek pensioners protest over cuts, healthcare
Buffett says Greek exit from euro ‘may not be a bad thing’
Billionaire investor Warren Buffett said the euro region could withstand Greece’s departure from the currency union. “If it turns out the Greeks leave, that may not be a bad thing for the eu...
European shares fall early; eurozone PMIs eyed
European shares dropped in early trading on Wednesday, starting the new quarter on a negative note after poor macro data from China. Investors awaited a batch of manufacturing data from the ...
Inside Business
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Going his own way
While up until the last election we had become accustomed to referring to the coalition government led by Antonis Samaras as one featuring a split personality, no political psychoanalyst cou...
EDITORIAL
Righting the wrongs
A country that wants to move forward should study and deal with its past mistakes in a mature and responsible manner. Greece was hit by an unprecedented debt crisis and it came to the brink ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Anastasiades welcomes Barbaros departure, urges Turkey to respect Cyprus´s sovereign rights
2. Man fined 60,000 euros for shooting neighbor´s dogs to death
3. Protesters occupy Xanthi municipality
4. Greek pensioners protest over cuts, healthcare
5. Buffett says Greek exit from euro ‘may not be a bad thing’
6. European shares fall early; eurozone PMIs eyed
more news
Today
This Week
1. Finance Ministry officials to discuss talks progress as EU pushes for action [Update]
2. Athens aims to tighten ties with Russia
3. Going his own way
4. Buffett says Greek exit from euro ‘may not be a bad thing’
5. Spike in migrants reaching Lesvos
6. Greek economy minister sees deal with EU/IMF on reforms next week
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.