Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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)  
Nicosia disappointed at Erdogan´s two-state solution comments
Giorgos Stylios named new deputy education minister
Greek singer-songwriter Antonis Vardis dies aged 66
Red tape cut in application process for Greek ID cards
Deadline looms for struggling Cyprus Airways
Potential buyers of Cyprus Airways have until Wednesday to submit nonbinding offers for the loss-making national carrier, with Ryanair and Aegean Airlines in the running. Ireland’s budget ca...
Bank of Cyprus expects to relist on Nicosia, Athens exchanges
Bank of Cyprus, the Cypriot lender which recapitalized last year using depositors’ savings, said late on Monday it expected its shares to relist on the Cypriot and Athens stock exchanges by ...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the people’s favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Deadline looms for struggling Cyprus Airways
2. Bank of Cyprus expects to relist on Nicosia, Athens exchanges
3. Nicosia disappointed at Erdogan´s two-state solution comments
4. Giorgos Stylios named new deputy education minister
5. Greek singer-songwriter Antonis Vardis dies aged 66
6. Red tape cut in application process for Greek ID cards
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Moderating expectations
6. Trial over 2013 murder of pawn merchant starts in Athens
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.