Thursday April 24, 2014 Search
Weather | Athens
21o C
15o C
Survival Guide
Greek Edition
Gov’t determined to tap the markets in H2 of 2014

 Staikouras says people’s sacrifices have started to bear fruit

Athens is determined to test the waters of the international money markets in the second half of next year for the first time since resorting to a bailout in 2010, Alternate Finance Minister Christos Staikouras told Parliament on Thursday during a debate on the 2014 state budget.

Staikouras stressed that Greece scored highest among the member states of the Organization for Economic Cooperation and Development (OECD) in terms of reform implementation, that the privatizations of state assets are now taking place, that the economy’s competitiveness is being strengthened and that the fiscal policy targets are being attained for the second year in succession.

“There are strong indications that the people’s sacrifices are beginning to bear fruit,” said the Finance Ministry’s No 2, before setting out the government’s fiscal policy targets for 2014. They include dragging the illegal economy out of the shadows and into the light so it can be taxed, the strict application of regulations regarding fiscal discipline, the more efficient use of resources, increasing investments and exports, and the further strengthening of the long-term sustainability of the public debt.

On the subject of the debt, Staikouras noted that “the country has to prevent it from increasing further and reverse the growth trend both in absolute figures and as a percentage of gross domestic product. The issue remains open.”

The government was also supposed to table the draft law for the new Single Property Tax in Parliament on Thursday despite the fact that it has not been approved by the country’s international creditors. However, it has now postponed its submission, likely until Monday.

According to sources, the new version of the long-anticipated bill will see a reduction in the tax rate for properties with no electricity supply. It will also halve the tax burden on property owners with annual incomes of 9,000 euros or less provided that their properties do not exceed 150 square meters. , Thursday December 5, 2013 (23:09)  
Benchmark up thanks to late blue chip rally
PPC to sell 500 mln euros of 3- and 5-year bonds
Greece´s NBG launches 5-year bond to raise up to 750 mln euros
Samaras meeting with Dimon key to Greek return to bond markets
Greek judges decided to extend GD leader’s detention
Nikos Michaloliakos, leader of the neofascist Golden Dawn party who has been in custody pending trial for setting up a criminal organization since late September, is to remain in Korydallos ...
Greek doctors asked for clarifications over costly prescriptions
One hundred doctors who worked with the now defunct healthcare provider EOPYY have been asked to justify the number of prescriptions they issued, it emerged on Thursday. The Health Ministry ...
Inside News
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Strong card in debt talks
Achieving a primary surplus and having it confirmed by the European statistical agency, Eurostat, is a significant success for Greece. There is no doubt that it came at a heavy price for a l...
Inside Comment
1. Greek judges decided to extend GD leader’s detention
2. Greek doctors asked for clarifications over costly prescriptions
3. Police defend neo-Nazi MP´s presence at Easter service for mostly force members
4. Benchmark up thanks to late blue chip rally
5. 4,000 officers to police Greek Cup final
6. Suspect in student´s stabbing alleged to have threatened other pupils
more news
This Week
1. Putting the party above the country
2. Three missing from cargo ship that went down off Crete
3. Strong card in debt talks
4. Central Athens cleanup a sign of Greece's turnaround
5. Samaras meeting with Dimon key to Greek return to bond markets
6. Police on high alert for Greek Cup final in Athens on Saturday
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Government looks to kick on
5. Greece offers to help find Turkish F-16 lost in 1996
6. EU struggles to unpick the knot of Russia-Ukraine gas logistics
   Find us ...
  ... on
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.