Thursday May 7, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Germany proposes Greece relinquish some fiscal powers, sources say

Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday.

"There are internal discussions within the Euro group and proposals, one of which comes from Germany, on how to constructively treat country aid programs that are continuously off track, whether this can simply be ignored or whether we say that's enough,» the source said.

The source added that under the proposals European institutions already operating in Greece should be given «certain decision-making powers» over fiscal policy.

"This could be carried out even more stringently through external expertise,» the source said.

The German demands for greater control over Greek budget policy comes amid intense talks to finalize a second 130-billion euro rescue package for Greece, which has repeatedly failed to meet the fiscal targets set out for it by its international lenders.

It is likely to spark a strong reaction in Athens ahead of elections expected to take place in April.

[Reuters]

ekathimerini.com , Friday Jan 27, 2012 (23:15)  
SYRIZA to start mulling position on possible deal
Prosecutor wants to see 40 defendants take the stand in Postbank loan trial
European lenders dash Greek hopes for quick aid deal
Suspected child killer transferred to Corfu prison
Minimum wage is not enough
Greeks receiving the minimum wage will have to work for more than 60 hours per week in order to keep a three- or four-member family above the poverty level, according to a study by the Organ...
Gov’t awaits US alternative gas proposal
The government is keen to hear US proposals regarding Greece’s role in Washington’s energy strategy, especially the Americans’ counterproposal to the Russian-sponsored Turkish Stream pipelin...
Inside Business
SOCCER
UEFA concern over Greek soccer violence bill
Greece provoked fresh concern from European soccer's governing body UEFA on Wednesday over governmental interference which could lead to the Euro 2004 winners' international suspension. UEFA...
SOCCER
Greece set to escape ban as sports law goes to parliament
Greek soccer is set to breathe a sigh of relief as the country's controversial new sports law was submitted to parliament on Wednesday with the necessary amendments to avoid a FIFA and UEFA ...
Inside Sports
COMMENTARY
Greece´s ´Blazing Saddles´ strategy isn´t working
There's a scene in the 1974 Mel Brooks movie "Blazing Saddles" where the besieged sheriff points a gun at his own head and threatens to shoot himself if the townspeople threatening to kill h...
COMMENTARY
A ‘logical’ scenario vs historical accidents
The country has reached a point where there is only one “logical” scenario left. By now, Prime Minister Alexis Tsipras understands very well the meaning of bankruptcy, a credit event and a G...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Minimum wage is not enough
2. Gov’t awaits US alternative gas proposal
3. Luxury tax hike may fetch nothing
4. PM concession keeps ELA alive
5. Greek hotel rates return to pre-crisis levels
6. SYRIZA to start mulling position on possible deal
more news
Today
This Week
1. A ‘logical’ scenario vs historical accidents
2. Greece's 'Blazing Saddles' strategy isn't working
3. Greece said to have made 200 mln euro IMF payment due Wednesday
4. Mardas denies report he transferred cash abroad after joining gov't
5. Defense minister offers to bolster NATO, help fight against terrorism
6. Inexplicable decision
Today
This Week
1. Greece’s decade-long relationship with Merkel
2. Greek decision to exit euro would be disastrous for Greece
3. No need to widen the rift
4. Varoufakis attacked by anarchists while dining in Athens
5. Empty admissions of fault
6. Majority sees Greece headed for euro exit in Bloomberg user poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.