Saturday September 20, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Pending prior actions set for completion

 Athens determined to resolve problems with pharmacists’ profit margins and open-air markets by Friday

By Eleni Varvitsioti

The first test for new Finance Minister Gikas Hardouvelis will be whether he will keep his promises made at the previous Eurogroup – the first he attended as Yiannis Stournaras’s successor – and report the implementation of the six prior actions required for the next bailout sub-tranche of 1 billion euros at the July 7 Eurogroup meet.

According to a European official, speaking after Monday’s Euro Working Group meeting, all six prior actions will be implemented by this Friday, so that the eurozone finance ministers will issue their approval next Monday for the release of the 1-billion-euro payment to Greece. Athens hopes to have everything in place by tomorrow night in a bid to prevent the image of the new finance minister from being tarnished.

There are two issues still pending for the completion of the actions required. The first is the adjustment of pharmacists’ profit margins. The obstacle is of a technical nature, regarding how the reduction to the pharmacists’ profit rate will apply. The reduction itself is not under negotiation, but its formula has not yet been determined, says an official familiar with the negotiations with the country’s creditors.

The proposals being examined by the Greek side involve an average reduction in the profit margin from 19 percent to 17.5 percent. The country’s creditors want to have it cut to 15 percent, but the Greek side is not prepared to go that low. It is certain that negotiations on a technical level will continue up to the last minute.

The other outstanding issue concerns open-air markets. Consultation is continuing on the ministerial decision that Development Minister Nikos Dendias will have to issue. The decision concerns how professional vendors of products such as fruit and vegetables will be distinguished from the actual producers who also sell their produce at the markets. The decision will have to apply from August 15, but stall holders have already asked for the decision’s application to be postponed until October. This is a scenario that has not yet been ruled out.

ekathimerini.com , Tuesday Jul 1, 2014 (22:47)  
Record sum of new debts to the state in August
‘Greece can meet its needs on its own’
Cyprus civil servants´ strike called off
Elliniko investors eye Cyprus project warily
Mayors resisting evaluation to face disciplinary action
Mayors and municipal employees who refuse to take part in a civil service evaluation scheme the government has undertaken as part of commitments to international creditors will face discipli...
Fyssas rally demonstrators face prosecutor after clashes
Sixty-four people arrested in Keratsini, a suburb of Piraeus, on Thursday, following clashes with police during an anti-racist march marking the one-year anniversary of the murder of rapper ...
Inside News
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
High stakes after the Scottish vote
We will soon know whether the Scots voted for their country’s independence or whether they will remain citizens of the “United Kingdom of Great Britain and Northern Ireland.” What was alread...
EDITORIAL
Breathing room
Even Greece’s biggest critics find it hard to deny that the debt-hit country has achieved an unprecedented fiscal turnaround within a very short period of time. Sure, progress in promoting t...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Record sum of new debts to the state in August
2. ‘Greece can meet its needs on its own’
3. Mayors resisting evaluation to face disciplinary action
4. Fyssas rally demonstrators face prosecutor after clashes
5. PM in energy talks ahead of crucial meeting with Merkel
6. Attiki Odos Lamia exit to close Sunday
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. Hardouvelis signals Greece may skip IMF loans to exit aid curbs
4. EIB signs deals with Greece for 815-mln investment in infrastructure projects
5. Dozens of arrests at march to mark anniversary of Fyssas murder
6. Syntagma metro station to close for Fyssas tribute concert
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. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.