Friday May 29, 2015 Search
Weather | Athens
14o C
09o 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)  
PM speaks to Merkel, Hollande as lenders increase pressure
To Potami and PASOK poised to support deal
Greek, Iranian diplomats eye closer ties, energy cooperation
Civil aviation strike on Sunday, Monday unlikely to affect flights
Hoteliers seek VAT solutions
The Association of Hellenic Tourism Enterprises (SETE) is trying to help Greek hoteliers overcome the impasse they have come to with foreign tour operators regarding the signing of contracts...
Chaos in the system for tax declarations
Few taxpayers or even accountants have any idea of what is going on with tax declarations this year, as poor handling by the General Secretariat for Public Revenues, confusion in the Finance...
Inside Business
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
FIFA and fair play
Greeks must be among the less excited observers of the ferocious crackdown on the highest echelons of global soccer’s administrative body, FIFA: from the lowest leagues to our top teams, fro...
COMMENTARY
Greece´s Cuban pathway to a parallel currency
The idea of a parallel currency for Greece is worthy of consideration, with even German Finance Minister Wolfgang Schaeuble broaching the possibility as Greece fails to reach an agreement wi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Hoteliers seek VAT solutions
2. Chaos in the system for tax declarations
3. Lenders’ first-quarter data suffer from NPL expansion
4. Regional airport concession deal ‘to be sealed soon’
5. PM speaks to Merkel, Hollande as lenders increase pressure
6. To Potami and PASOK poised to support deal
more news
Today
This Week
1. Endless confusion and worry
2. G-7 weighs in on Greece as Tsipras government told to be serious
3. ECB's Nowotny says no to loosening funding for Greece now
4. Lagarde says still much work to do in Greek debt talks
5. Greek bank losses show predicament amid record outflows
6. Following up on a positive step
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Neither Grexit nor a dual currency will solve Greece’s problems
3. Some 300 mln left banks on Tuesday
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.