Friday May 22, 2015 Search
Weather | Athens
14o C
09o 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)  
Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
Thousands play lottery as prize climbs to 5.5 mln
Man dies at Acropolis metro station after jumping in front of train
Church of Greece granted extension on loan of holy relic
Car sales drop a gear on VAT rate uncertainty
Different scenarios of changes to value-added tax rates have paralyzed the car market in the last couple of weeks. Expectations for a rate cut from 23 to 18 percent, and the government’s int...
Bulk of loan requests comes from food service
The Greek growth model for small and medium-sized enterprises during the period of the crisis will have to change, senior banking officials stress. The majority of demands for corporate fina...
Inside Business
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next season’s Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
EDITORIAL
Consensus is key
The education bill that has been put forward by Greece’s leftist-led government has to be the subject of extensive public consultation. Even more importantly, it needs to be approved in Parl...
COMMENTARY
The other inequality: how the state spends our money
Growing inequality between rich and poor across the world has rightly become the focus of much investigation and analysis. The Organization for Economic Cooperation and Development underline...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
2. Car sales drop a gear on VAT rate uncertainty
3. Bulk of loan requests comes from food service
4. Greek yields climb after Riga summit
5. Georgios Michelis said to be next HFSF chief
6. Italian finance minister sees Grexit as bigger risk in medium rather than short term
more news
Today
This Week
1. Merkel stamps out brief optimism on Greece after Tsipras talks
2. Tsipras to meet Juncker on second day of Riga summit
3. Lessons from Israel’s tech miracle
4. EOPYY struggles for funding, sees overdue debt rise
5. Banks will be asked to revise their restructuring plans
6. Greece sees reforms deal with lenders in next 10 days, spokesman says
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Phony dilemma
3. Greece came close to not paying IMF
4. Conspiracy madness
5. National self-awareness put to the test
6. Albanian demarche raises concerns about possible territorial claims over Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.