Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Finance Minister says Greece unlikely to need third bailout

Greek Finance Minister Filippos Sachinidis says Greece will not need a third bailout if it sticks to the terms of its second loan agreement.

Speaking to Mega TV on Wednesday morning, Sachinidis also played down the need for further fiscal measures this year.

If we keep to the pledges we have made, we will not need a third support package and the danger of having to take new measures and make new cuts will be reduced, he said.

If everything goes well, we expect and hope that the country will return to growth in 2013, added Sachinidis, who was appointed last month.

A senior finance ministry official told Kathimerini earlier this week that new measures may be needed this summer. Revenues before tax returns grew by 3.3 percent in March, according to sources, which is exclusively attributed to the restructuring of outstanding debts.

This means that last months revenues amounted to 3.5 billion euros, up from 3.4 billion in March 2011. If tax refunds exceed 100 million euros then the comparison year-on-year will be negative.

In a special report on Greece published on Tuesday, Fitch ratings said that despite the public sector involvement, there is still a material risk of a Greek default. It suggested that there would be no substantive recovery in the Greek economy until 2014.

Investment fund PIMCO predicted this week that Greek debt would have to undergo a second haircut.

Sachinidis added in his interview with Mega TV that Greece may sign before the elections, which are due on May 6, an agreement with Switzerland to obtain the details of Greeks who have deposited money there.

The government wants to check whether tax had been paid on this money before it was moved out of Greece.

ekathimerini.com , Wednesday April 4, 2012 (12:53)  
Helexpo sell-off plan to be ready by mid-October
Maniatis talks energy with Washingtons man in Athens
Task force to examine cases of extreme taxation, customs issues
Hotels hike prices by 10 pct in H1 of 2014
Report points to suspicious clinic charges to EOPYY
A quarter of all the expenses submitted last year by private health clinics to EOPYY, the countrys largest healthcare provider, have been deemed suspicious and in need of further investigat...
New rector seeks to introduce ID checks at University of Athens
One day after his swearing-in ceremony was marred by protests against budget cuts and the expulsion of thousands of so-called eternal students, the new rector at the University of Athens, Th...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Poise matters
A politician who wishes to demonstrate that he is a leader needs two fundamental characteristics: poise and the ability to rely on his instinct. Poise has been a prerequisite since long befo...
EDITORIAL
The right decision
A year ago, when former Health Minister Adonis Georgiadis announced that auditing companies were set to begin investigating expenses submitted by certain private health clinics to social sec...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washingtons man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Poise matters
2. The right decision
3. Politicized archaeology
4. Rain and storms with hail expected in many parts of Greece
5. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
6. New committee formed to assess progress of deregulation in closed-shop professions
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.