Wednesday May 27, 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. Greeces 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 Greeces 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)  
Athens waits to hear EU scheme for refugees
Parliament starts fresh inquiry into Siemens scandal
Varoufakis fuels confusion over reforms as Juncker questions his role
European court backs Imvros property claim
EU funds at risk due to payment halt by the state
Greece runs the immediate risk of missing out on 1 billion euros worth of European Union subsidies this year from the previous support framework, which expires on December 31, as a payment f...
Half of Greeks cover their needs from their deposits
Greek salaried workers cannot buy what they want but, rather, have to limit themselves to what they can afford on their reduced disposable income, a survey by the Labor Institute of the Gene...
Inside Business
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...
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
Inside Sports
COMMENTARY
Shame, justice, democracy
Contrary to the urban myth that Greek students are no longer taught Ancient Greek at school, they are both taught and tested on it. This does not mean to say, of course, that the subject is ...
EDITORIAL
Worrying signs in ruling party
Statements made by certain high-ranking SYRIZA officials during the partys central committee assembly on Saturday are a source of concern. It has become blatantly clear by now that a signif...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. AEK Athens returns to top league after financial collapse
2. EU funds at risk due to payment halt by the state
3. Half of Greeks cover their needs from their deposits
4. Greece reaps 2 billion euros per year from cruise sector
5. Athens waits to hear EU scheme for refugees
6. Political, economic instability turns German tourists away
more news
Today
This Week
1. IMF's Blanchard says Greek budget proposals not enough
2. Germany sees progress on Greece, EU officials to confer on Thursday
3. Overhaul planned for car taxation
4. Euro falls to four-week low as Greece deadlock spurs volatility
5. Time running out for Greece, ESM head Regling says
6. Heres a Greek business thats booming: Making test-tube babies
Today
This Week
1. Conspiracy madness
2. National self-awareness put to the test
3. Albanian demarche raises concerns about possible territorial claims over Greece
4. Hotel contracts with a Greek default clause
5. Neither Grexit nor a dual currency will solve Greeces problems
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.