Thursday Jan 29, 2015 Search
Weather | Athens
14o C
8o 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)  
Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Varoufakis says Russia row not about sanctions, but proper consultation
New Democracy looks to pick up the pieces
Billionaires from Loeb to Vekselberg heed call of Cyprus banks
Haris Georgiades’s day started with a protest and ended with a party. On the morning of Nov. 20, the finance minister of Cyprus attended a Bank of Cyprus Pcl shareholder meeting at which Jos...
German economy minister says Greek politics mustn´t burden rest of EU
Greece should not burden the rest of Europe with its internal political debates, German Economy Minister Sigmar Gabriel said on Thursday, adding that Greece's own inequalities were to blame ...
Inside Business
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
New Democracy’s challenges
There is a good deal of unease in New Democracy, and not just because of the defeat it suffered in Sunday’s polls. That had been expected, despite the optimistic and combatant messages from ...
EDITORIAL
Keep politics out of school
A few years ago the Greek Parliament ratified a law for a complete overhaul of the tertiary education system with a solid majority of 255 votes from 300 MPs. Since then, with the exception o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
2. Billionaires from Loeb to Vekselberg heed call of Cyprus banks
3. German economy minister says Greek politics mustn´t burden rest of EU
4. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
5. ECB´ Coeure tells Greece: stick to ´rules of game´
6. Varoufakis says Russia row not about sanctions, but proper consultation
more news
Today
This Week
1. Greece wants a debt break, but what about its poorer neighbors?
2. Investors turn on Tsipras’s campaign to end austerity in Greece
3. $11 billion wiped from Greek banks on nationalization threat
4. Varoufakis says Russia row not about sanctions, but proper consultation
5. ECB' Coeure tells Greece: stick to 'rules of game'
6. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Greek Elections 2015: The day after | LIVE
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.