Thursday October 23, 2014 Search
Weather | Athens
24o C
14o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
As vote on multi-bill looms, gov't looks to aid

The government is bracing for a crucial week, with eurozone finance ministers expected to discuss the release of further rescue loans to Greece at an informal summit in Athens starting on Tuesday.

But it must first suvive a vote on a multi-bill of reforms demanded by the troika in return for continued rescue funding, due to be held at midnight on Sunday following two days of debate.

On Saturday, government officials were busy seeking to overcome objections by coalition MPs to the bill as critics slated the legislation.

Despite the government's efforts, there was one casualty. Alternate Agriculture Minister Maximos Harakopoulos announced his resignation on Saturday in protest at a controversial provision in the bill extending the shelf life of milk. Harakopoulos, who represents the agricultural constituency of Larissa, said the reform would hurt the domestic dairy sector. He pledged not to vote against the provision however so as not to jeopardize the foreign rescue funding on which Greece relies.

Meanwhile, Finance Minister Yannis Stournaras indicated that, although eurozone finance officials will discuss the question of aid to Greece at the Athens Eurogroup, a final decision on the release of up to 12 billion euros in aid is to be taken at a scheduled summit of European Union leaders on April 15, with the disbursement expected two days later. This would provide Greece with adequate funding to pay down some 10 billion euros in bonds due to expire in May.

According to sources, Athens is hoping to bolster state coffers by tapping capital markets for up to 2 billion euros before Easter, which falls on April 20. Buoyed by indications that Greece is on track to post a primary surplus, government officials have indicated that a return to the market is on the cards. Authorities are also keen for the EU statistics service, Eurostat, to confirm Greek predictions of a primary surplus, which would allow the launch of a discussion on the lightening of the country’s debt burden. The government wants those talks to begin before European and local authority elections in May, though EU officials say they they will not start before summer.

Prime Minister Antonis Samaras called for swift action to reduce Greece’s debt. “I am not so interested in how but that it should be done quickly,” he said in an interview with the Real News weekly on Saturday.

ekathimerini.com , Saturday March 29, 2014 (18:02)  
Cyprus seeks EU response over Turkey´s EEZ violation
Thirteen indicted for inmate torture
Samaras, Venizelos eye deal with troika on bailout exit by Dec 8
Campaigners call for more road safety at deadly crash site
Athens weighs its LNG and CNG options
Energy Minister Yiannis Maniatis met on Wednesday with officials from six leading shipping companies in the liquefied natural gas (LNG) sector, as he is weighing the possibility of Greece as...
Greece ranks among global leaders in tourism growth
Tourism in Greece has done particularly well in 2014, having grown 16.7 percent year-on-year, while the head of the World Tourism Organization stressed on Wednesday the added value this grow...
Inside Business
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Careful what you wish for
Everyone is in a rush to become prime minister in this country, as if they have not learned a single thing from its political history. While still in opposition, PASOK’s George Papandreou ma...
EDITORIAL
Taking care of our key industry
It’s time to face facts: Tourism is the country’s heavy industry. The sector’s considerable contribution has served as a stabilizing factor for the local economy, essentially placing the cou...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Roberto´s heroics make Kasami´s goal count
2. Athens weighs its LNG and CNG options
3. Greece ranks among global leaders in tourism growth
4. Global oil price drop sends local fuel prices back to 2010 levels
5. Buy big house, become a citizen
6. Cyprus seeks EU response over Turkey´s EEZ violation
more news
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Cyprus to block Turkey's EU talks after EEZ violation
3. EU’s Juncker wins Commission-team approval with investment vow
4. Juncker’s EU commission team set for parliamentary green light
5. Taprantzis resigns from privatization agency TAIPED
6. Fallen tree, smashup cause traffic jams in Athens
Today
This Week
1. Istanbul skyscraper casts shadow over Greece's banking ambitions
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. The past, present and future of the Greek debt crisis
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.