Saturday October 25, 2014 Search
Weather | Athens
19o C
12o 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)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greece’s lenders seem adamant that gov’t must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Nicosia says reforms are bringing results
4. Samaras pledges action after flash floods in Athens
5. Greece’s lenders seem adamant that gov’t must act on bailout commitments
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.