Wednesday Jul 30, 2014 Search
Weather | Athens
32o C
25o 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)  
Greek foremen avoid jail after firing on migrant laborers [Update]
Wine cup used by Pericles found in grave north of Athens
SYRIZA, DIMAR representatives to hold talks Thursday
Two of four suspects in Nea Manolada strawberry farm shooting convicted
Six firms submit bids to lease Vouliagmeni beach
Six companies have made bids to Greece Public Properties Company (ETAD) to lease Vouliagmeni beach in southern Athens for at least the next 15 years. ETAD opened the sealed bids on Tuesday. ...
IMFs Lagarde not sure yet about debt relief for Greece
It is not clear yet whether Greece needs debt relief, according to International Monetary Fund managing director Christine Lagarde. I would not pass judgment on whether or not debt relief i...
Inside Business
SOCCER
Veronas Moras donates bone marrow to brother
Hellas Verona defender Vangelis Moras is in Australia to donate bone marrow to his older brother Dimitris, who has leukemia. The transplant will take place on Saturday. Dimitris flew to Aust...
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greeces former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Veronas Moras donates bone marrow to brother
2. Greek foremen avoid jail after firing on migrant laborers [Update]
3. Wine cup used by Pericles found in grave north of Athens
4. SYRIZA, DIMAR representatives to hold talks Thursday
5. Two of four suspects in Nea Manolada strawberry farm shooting convicted
6. Six firms submit bids to lease Vouliagmeni beach
more news
Today
This Week
1. Six firms submit bids to lease Vouliagmeni beach
2. IMF's Lagarde not sure yet about debt relief for Greece
3. Coalition submits new proposals for Greek coastline
4. Wine cup used by Pericles found in grave north of Athens
5. EU Commissioner Damanaki unlikely to return to Greek politics
6. Police arrest one, seek another three over counterfeit goods
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
6. Defense Minister Avramopoulos to represent Greece at European Commission
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.