Monday December 22, 2014 Search
Weather | Athens
13o C
8o 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)  
Bomb hoax at SYRIZA HQ in central Athens
DIMAR not poised to break apart, insists spokesman
SYRIZA offices in Athens evacuated after bomb threat
Greek parliament vote in balance after Samaras election offer
Spanish bond gains push yield to record low as Greek debt rises
Spanish 10-year government bonds rose, pushing yields to a record low, helped by greater investor appetite for risk that drove stocks higher amid the prospect of European Central Bank purcha...
ANALYSIS
Low costs, yield hunt to propel long-term euro zone bond sales in 2015
Euro zone governments are preparing to sell a record amount of bonds next year, tilting towards more long-term debt as they try to lock in historically low borrowing costs. Analysts estimate...
Inside Business
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Bomb hoax at SYRIZA HQ in central Athens
2. DIMAR not poised to break apart, insists spokesman
3. SYRIZA offices in Athens evacuated after bomb threat
4. Spanish bond gains push yield to record low as Greek debt rises
5. Low costs, yield hunt to propel long-term euro zone bond sales in 2015
6. Greek parliament vote in balance after Samaras election offer
more news
Today
This Week
1. Euro shaky on ECB and Greece, dollar keeps edge
2. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
3. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
4. Draghi starts squaring QE circle in month of persuasion for ECB
5. Greek parliament vote in balance after Samaras election offer
6. Parliament's ethics committee to look into independent MPs' comments
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.