Saturday March 7, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens hosts Eurogroup, eyes loan tranche

With a multi-bill of economic measures demanded by the troika now law following a difficult vote in Parliament early Monday, the government is on Tuesday to host an informal summit of eurozone finance ministers who, officials hope, will approve the release of 8.3 billion euros in pending rescue loans.

Late Monday, Finance Minister Yannis Stournaras told reporters he hoped the Eurogroup would acknowledge the sacrifices of the Greek people, referring to the new measures.

Security has been tightened for the event, with police banning protests in a large section of the city center for much of the day Tuesday and Wednesday.

In comments Monday, Eurogroup chairman Jeroen Dijsselbloem confirmed that the Eurogroup summit in Athens would set the timetable for dispensing rescue loans to Greece, noting that the next tranche would be just over 8 billion euros. That tranche will be dispensed in sub-tranches over the coming months and on the condition that Greece enforces reforms voted through Parliament, according to a draft report by the troika which was leaked to the media.

According to sources, the troika still has reservations on some of the provisions of the multi-bill, including on changes governing the shelf life of fresh milk and on compensation for dismissed civil servants.

However, it appears that the government will not be obliged to impose any new austerity measures that could be politically damaging ahead of elections in May.

The troikas report underlined Greeces success in putting its fiscal house in order, confirming predictions of a primary surplus of 2.4 billion euros for 2013, and noted that auditors saw no fiscal gap for this year. However the report predicts a fiscal gap of 2 billion euros for 2015.

Athens is eager for the ECs statistics service, Eurostat, to confirm Greeces projected primary surplus without delay so a debate can begin on lightening its debt. However, an International Monetary Fund official, Reza Moghadam, indicated Monday that this discussion would not begin until after the summer.

ekathimerini.com , Monday March 31, 2014 (20:37)  
Greece sends proposals, but no decision due at Mondays Eurogroup
Samaras braces for second round of in-party strife
Kasidiaris cleared over live TV attack on Communist MP
Internal inquiry indicates missing student was bullied
ECB asks for cut in recognized deferred tax assets
The European Central Bank is calling for changes regarding the recognition of banks deferred tax assets, effectively raising the prospect of fresh share capital increases. Sector sources sa...
New NPLs in Jan-Feb put at 2 billion euros
After several months of decline in the local credit sectors creation rate of new bad loans, banks are reporting a sudden rebound in the growth rate in January and February 2015. Estimates b...
Inside Business
BASKETBALL
What a difference a year makes, for Olympiakos
Just over one year after Olympiakos's drabbing at the hands of Armani Milano, the Greeks returned to northern Italy and scored a nine-point victory to stay alone on top of their Euroleague g...
TRACK & FIELD
Tsatoumas just misses out on a Euro medal
Louis Tsatoumas narrowly missed out on a medal at the European Indoor Championships in Prague on Friday, as despite faring below his usual standard he was third until up to the last few jump...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greeces most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
EDITORIAL
New blood, fresh ideas
New Democracy needs new blood and fresh ideas. Former Prime Minister and conservative chief Antonis Samaras should be credited with keeping Greece on its feet and he is one of the very few p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. What a difference a year makes, for Olympiakos
2. Tsatoumas just misses out on a Euro medal
3. ECB asks for cut in recognized deferred tax assets
4. New NPLs in Jan-Feb put at 2 billion euros
5. Interest alive in property investment sector
6. Businesses reluctant to tap financing
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Greek reforms list cites tackling evasion, fiscal savings, source says
5. Greece must repay loans in full, bailout fund head says
6. Greece sends new letter with details on reforms, sources in Brussels say
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. Varoufakis to make six reform proposals at Monday's Eurogroup
4. Tsipras reversal draws Greek sympathy as party rumblings rise
5. Greece's lenders skeptical on new bills but focus on funding needs
6. A unionist agenda
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.