Sunday April 20, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
No more aid expected for Greece before March, says Stournaras

European Commissioner for Economic Affairs Olli Rehn, left, speaking with Greek Finance Minister Yannis Stournaras in Brussels on Monday.

Finance Minister Yannis Stournaras said on Monday that further rescue funding is unlikely to be approved before March as European officials meeting in Brussels pressed Athens to intensify its reform efforts.

Stournaras was speaking at the conclusion of a summit of eurozone officials in Brussels where Greece was not officially on the agenda but was discussed on the sidelines. He said he hoped a deal could be reached with troika officials next month, paving the way for the release of aid in March, and suggested that a primary surplus for 2013, estimated at 830 million euros, would help plug a fiscal gap for 2014. “The matter has been solved in a way that cannot be disputed,” he said.

Stournaras added that any fiscal gap for 2015 would be covered with structural reforms, not further austerity measures. Asked about the cost of a recent court decision, leaked to the Greek media, that reverses wage cuts for military and security services employees, Stournaras said he could not comment on a decision that has not yet been announced.

European officials pressed Greece to move forward with reforms. Dutch Finance Minister Jeroen Dijsselbloem, who leads the Eurogroup, said there has been “far too little” progress. “I am sorry to say that the review is not yet concluded and further work is needed in Greece before the troika can return to Athens,” he said. “We call on Greece and troika partners to do their utmost to conclude negotiations as soon possible,” he added.

German Finance Minister Wolfgang Schaeuble noted that Greece’s fiscal data “looked good” but that “further efforts are needed,” while Michael Spindelegger of Austria expressed concerns about structural reforms and a lagging privatization program.

Apart from pushing Athens to move forward with stalled structural reforms and state sell-offs, envoys representing Greece’s troika of international lenders have pressed government officials to adopt a raft of proposals aimed at removing barriers to competition.

The proposals are set out in a report by the Organization for Economic Cooperation and Development and the government is prepared to enforce 80 percent of them, sources revealed after Prime Minister Antonis Samaras and his coalition partner Evangelos Venizelos discussed the matter last week. But sources close to Development Minister Costis Hatzidakis said there is resistance to many reforms, particularly among the ranks of PASOK. “Nothing has been resolved,” one source said.

ekathimerini.com , Monday Jan 27, 2014 (21:02)  
Greek Christians mark rare Good Friday in north Cyprus
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
Today
This Week
1. Greece's market return mirrors return of tourists
2. Samaras sees no need for third bailout
3. Parties start announcing candidates for European Parliament elections
4. Greece startup leaders say they can’t break jobless cycle alone
5. Ground-breaking Good Friday mass signals thaw in Cyprus
6. IMF's Thomsen says Greece not fully financed to 2016
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.