Monday Jul 28, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Government focus shifts to relief, growth

Finance Minister Yannis Stournaras confirmed on Monday that Athens will request the launch of talks on debt relief at a Eurogroup summit next week as Prime Minister Antonis Samaras prepares a pre-election campaign that is expected to focus on growth-oriented measures after a long period of austerity.

Greece plans to press its international creditors on debt talks following the European Commissions confirmation last week that the country posted a primary surplus. The road for a discussion on debt relief is open, Stournaras told a Greek-Chinese business conference on Monday, referring to a pledge by Greeces creditors in November 2012 to launch talks on debt relief once Athens achieves a budget surplus before debt repayments.

At the next Eurogroup on May 5, the Greek government will raise the issue, Stournaras said. He added that Greece had achieved more than three quarters of the fiscal adjustment it needs to make its debt sustainable. We estimate that more than 85 percent of the improvement in the general government primary balance, aimed at reducing our debt to sustainable levels by 2020, has already been achieved, he said, noting, we have almost reached the top of the mountain.

Samaras is expected to strike a similar note in speeches over the coming days as the government gears up for European Parliament and local authority elections next month.

This week, the premier is due to speak at forums on energy and tourism, both sectors with significant untapped potential. But Samaras is expected to adopt a two-pronged approach in campaigning emphasizing the countrys growth potential in a bid to raise hopes about job creation while also broaching the prospect for a constitutional review in an attempt to show that his administration is breaking from the past.

On Friday, Samaras is expected to unveil New Democracys proposals for a review of the constitution, which could include sweeping reforms affecting how the government and Parliament operates. The proposals are expected to include re-examining parliamentary immunity for MPs, setting a limit on the time a prime minister can serve in office and improving the transparency of party finances. Another key reform that the premier might put on the table, according to sources, is the reduction of the number of MPs that sit in Parliament from 300 to 250 or 200.

ekathimerini.com , Monday April 28, 2014 (21:30)  
French tourist dies after falling off balcony in Crete
Government to push troika for concessions as pressure to meet pledges intensifies
New Democracy firing staff as it slashes its expenses
Deadline for Commission successor is looming
ANALYSIS
Next six to eight months will be crucial
Greece may have obtained partial market access and the economy may have stopped contracting in the second or current quarter, but living standards for a sizeable portion of the population co...
Athens to help track accounts of US citizens
Greece is determined to cooperate with Washington in order to fully enforce the USs Foreign Account Tax Compliance Act (FACTA), according to which all credit institutions operating outside ...
Inside Business
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. I l...
Inside Sports
COMMENTARY
Weighing all the factors
Certain people in the know continue to believe that snap elections will take place in the fall. Prime Minister Antonis Samaras is obviously aware of this trend, which is why he told Parliame...
EDITORIAL
Clear rules, for everyone
If we want to deal with the economic crisis, we need clear rules. A large number of individuals and businesses have amassed huge debts they cannot service. And some worrying symptoms have al...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Volleyball national team second in European League
2. Next six to eight months will be crucial
3. Athens to help track accounts of US citizens
4. Private sector salaries keep shrinking
5. Hardouvelis warns ECB of stress test implications for economy
6. French tourist dies after falling off balcony in Crete
more news
Today
This Week
1. French tourist dies after falling off balcony in Crete
2. Weighing all the factors
3. Clear rules, for everyone
4. Athens to help track accounts of US citizens
5. Next six to eight months will be crucial
6. Hardouvelis warns ECB of stress test implications for economy
Today
This Week
1. Climber dies in Mount Olympus fall
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Unequal after death
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Front-line threats
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.