Thursday May 28, 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)  
To Potami pledges to back loan
Migrants turn Greek island into ´hellhole´ for holidaymakers says British daily
G-7 weighs in on Greece as Tsipras government told to be serious
Athens, creditors offer conflicting views on negotiations
ECB working on the assumption that Greece won´t leave euro, says Constancio
The European Central Bank is working on the assumption that Greece won't leave the euro, the bank's Vice President Vitor Constancio said on Thursday. Speaking to reporters after the ECB publ...
Greek bank losses show predicament amid record outflows
Greek banks, forced into a central bank liquidity lifeline, are poised to report sustained losses as they grapple with record deposit outflows and an economy that plunged into double-dip rec...
Inside Business
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...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Endless confusion and worry
The Holy See on Wednesday expressed its own view regarding the Greek crisis. Cardinal Pietro Parolin – the Vatican’s equivalent of prime minister – voiced his concern over ongoing negotiatio...
EDITORIAL
Following up on a positive step
The latest European initiatives aimed at addressing the rising number of asylum seekers and irregular migrants reaching the shores of Greece and other Mediterranean countries are important. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. To Potami pledges to back loan
2. ECB working on the assumption that Greece won´t leave euro, says Constancio
3. Greek bank losses show predicament amid record outflows
4. ECB says contagion risk exists If Greek deal not reached quickly
5. Migrants turn Greek island into ´hellhole´ for holidaymakers says British daily
6. Lagarde says still much work to do in Greek debt talks
more news
Today
This Week
1. Endless confusion and worry
2. ECB's Nowotny says no to loosening funding for Greece now
3. G-7 weighs in on Greece as Tsipras government told to be serious
4. Lagarde says still much work to do in Greek debt talks
5. Following up on a positive step
6. European shares edge lower as Greek deal optimism fades
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.