Sunday September 21, 2014 Search
Weather | Athens
27o C
19o 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 countrys 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 Greeces 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)  
Results of probe into 20 Lagarde list names due soon
Police refute reports of Jihadi training
Govt drafts plan to secure exit from memorandum
Greek commuters have relatively long wait
Record sum of new debts to the state in August
Expired debts to the state rose to a record high in August, according to data released on Friday by the Finance Ministry. The sum of taxes and fines that remained unpaid after their deadline...
Greece can meet its needs on its own
Greece will be able to meet its obligations without any new assistance from the International Monetary Fund, Finance Minister Gikas Hardouvelis said on Friday in London, leaving the door ope...
Inside Business
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Results of probe into 20 Lagarde list names due soon
2. Police refute reports of Jihadi training
3. Govt drafts plan to secure exit from memorandum
4. Greek commuters have relatively long wait
5. IKA uncovers benefits scam at Kerameikos branch
6. Man dies in well accident
more news
Today
This Week
1. Greece can meet its needs on its own
2. Record sum of new debts to the state in August
3. Results of probe into 20 Lagarde list names due soon
4. Police refute reports of Jihadi training
5. Govt drafts plan to secure exit from memorandum
6. Special guard arrested over extortion, bribery
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Greece can meet its needs on its own
5. Lost in the fog
6. Record sum of new debts to the state in August
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.