Wednesday September 17, 2014 Search
Weather | Athens
27o C
20o 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)  
UN special envoy says Cyprus peace talks enter new phase
Samaras to meet with Merkel in Berlin on Sept. 23
Prosecutor orders probe into Lagarde, Tsipras ´death threats´
Tsipras to meet with Pope Francis on Thursday
Aegean’s Vassilakis says Cyprus air sale could mean lower fees
Aegean Airlines SA could benefit from the privatization of Cyprus Airways Public Ltd. even if it doesn’t eventually buy the carrier, as the process paves the way for a review of airport fees...
Production of the new Pony to start by the end of the year, NAMCO says
Production of the new generation light-passenger-utility Pony vehicle will begin by the end of the year, NAMCO (National Motor Company of Greece) has announced according to a report in Eleft...
Inside Business
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
SOCCER
Mitroglou seals Olympiakos´s 3-2 triumph over Atletico
Costas Mitroglou returned to scoring after 10 long months to seal a famous victory for Olympiakos in the Champions League as the Greek champion defeated visiting Atletico Madrid 3-2 on Tuesd...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. UN special envoy says Cyprus peace talks enter new phase
2. Samaras to meet with Merkel in Berlin on Sept. 23
3. Aegean’s Vassilakis says Cyprus air sale could mean lower fees
4. Prosecutor orders probe into Lagarde, Tsipras ´death threats´
5. Production of the new Pony to start by the end of the year, NAMCO says
6. Eurozone August inflation revised up to 0.4 pct
more news
Today
This Week
1. Loud patriotism
2. In need of a second wind
3. Davutoglu calls for a two-state solution in Cyprus
4. SYRIZA victory would spark a bank run, PM reportedly warns
5. Tsipras to meet with Pope Francis on Thursday
6. Production of the new Pony to start by the end of the year, NAMCO says
Today
This Week
1. Greece on standby
2. A Greek God
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Greece at bottom of social justice scale among EU28
6. EU bank tests may miss trillion dollar risk, study finds
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.