Sunday September 21, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EC task force to oversee reforms

 Team of 25 to arrive in Athens later this month to monitor implementation of measures
The idea of a task force to oversee the implementation of reforms in Greece was the idea of EC president Jose Manuel Barroso

The European Commission has set up a task force to oversee the implementation of austerity measures and structural reforms, according to documents seen by Kathimerini.

The task force, an initiative of European Commission President Jose Manuel Barroso, is to have two headquarters - in Athens and Brussels - and direct contact with Barroso’s office and that of Prime Minister George Papandreou. The Athens office will be the point of reference for all visiting inspectors currently offering technical advice to different ministries.

An additional 25 officials, members of the new task force, are to start arriving in Athens in the second half of August. The officials are to make any recommendations deemed necessary in terms of additional technical assistance and to issue three-monthly reports and warnings if the ministries are found to be diverging from targets.

The head of the new task force will be Horst Reichenbach, vice president of the European Bank for Reconstruction and Development and a former EC director general. Earlier this month, Barroso appointed Reichenbach to chair a committee that would help Greece use EU structural funds to boost growth. It appears that the remit of that task force has been broadened significantly.

According to sources, the decision to create the task force was prompted by the government’s failure to implement measures pledged in exchange for the first 110-billion-euro bailout in May last year. Greece’s creditors - the EC, European Central Bank and International Monetary Fund - clearly deemed that a foreign task force would help push through a new slew of measures approved.

Greece creditors have insisted that a cross-party consensus would facilitate the implementation of the measures but the head of the main conservative opposition New Democracy, Antonis Samaras, has rebuffed a series of overtures by Papandreou.

In an interview with Sunday’s Kathimerini, Samaras said he would also vote against a second bailout hammered out in Brussels last month. “As long as I refuse to enter a consensus on an erroneous policy, the door is open for a renegotiation,” Samaras said.

The ND leader added that the latest Brussels pact had allowed bond holders to get off lightly, noting that Greece had been saddled with the status of “selective default in exchange for a very small haircut.”

ekathimerini.com , Sunday Jul 31, 2011 (22:51)  
Results of probe into 20 Lagarde list names due soon
Police refute reports of Jihadi training
Gov’t 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. Gov’t 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. Gov’t 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.