Wednesday April 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Government to push troika for concessions as pressure to meet pledges intensifies

Talks between the coalition leaders last week led to them finalizing the requests that Athens will make regarding the easing of adjustment measures when the troika returns to Greece but European officials have warned that if the government does not stick to its pledges it will be forced to agree to a third bailout.

Sources told Kathimerini that the meetings between Prime Minister Antonis Samaras and Deputy Premier Evangelos Venizelos on Thursday and Friday led to an agreement on the key concessions that Greece will ask the troika to make. These are that the government be allowed to reduce the special consumption tax on heating oil, that companies and individuals owing taxes or social security contributions be allowed to pay these amounts in 100 installments and that the solidarity tax, levied on Greeks’ incomes, be reduced.

The troika, however, will also expect Greece to display progress in meeting its commitments. Apart from its fiscal targets, the government will also have to proceed with firing another 6,500 civil servants and evaluating the performance of the rest. The troika is also pushing for a new salary structure in the public sector. Greece’s lenders also expect to see proposals for further reforms to the pension system and the labor market.

There is optimism within the government that the two sides could reach an agreement by the end of November or beginning of December, leading to the fifth review of Greece’s adjustment program being concluded. Apart from triggering the release of another 1.8 billion euros in bailout funds from the eurozone, the conclusion of the review would also pave the way for further debt relief.

A top European Union official, though, told Kathimerini that if there is no agreement before the end of the year, when the current program expires, a third package would have to be agreed in 2015. This might involve a small amount of funding but would definitely include a deal on debt relief, while committing Greece to further reforms and monitoring.

Kathimerini understands that officials in Brussels are already examining a proposal for debt relief that would require Greece to meet targets that would be checked every six or 12 months.

ekathimerini.com , Saturday Jul 26, 2014 (17:38)  
Greek PM eyes Merkel support
Mayors resist coalition´s demand to hand over cash reserves
Algerians caught at university sit-in to go on trial
Publishing HIV sufferers’ identities not permitted, says Greek committee
Carrot to pay income tax all in one go
In an effort to bolster crumbling budget revenues, the Finance Ministry is considering offering a 10-15 percent income tax discount for those who choose to pay their dues in a lump sum this ...
IOBE: No agreement would be a huge failure
Greece’s Foundation for Economic and Industrial Research (IOBE) on Tuesday revised this year’s growth estimate from 3 to 1 percent, while its head, Nikos Vettas, described the possible lack ...
Inside Business
BASKETBALL
Second win for the Reds over Barca in four days
Olympiakos is one step from the Euroleague Final Four in Madrid after downing Barcelona on Tuesday for the second time in four days, to edge ahead 2-1 in the best-of-five play-off series. Th...
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
Inside Sports
COMMENTARY
IMF needs to correct its big Greek bailout mistake
The Greek government's mounting financial woes are leading it to contemplate the unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and fu...
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Second win for the Reds over Barca in four days
2. Carrot to pay income tax all in one go
3. IOBE: No agreement would be a huge failure
4. Haircut on Greek banks’ collateral?
5. Uncertainty hits bookings from Germany and the UK
6. No leap in relations with Russia
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. No ferries on Labor Day as seamen take industrial action
4. ECB studying curbs on Greek bank support
5. Silence is not an option
6. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Time to get serious
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. Greek government's popularity takes a hit as talks drag on
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.