Friday October 31, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Brussels adamant on state subsidy issues

Greece’s state subsidy issues remain open, despite European Commissioner for Competition Joaquin Almunia’s kind words regarding the adjustment of the Greek economy in Athens on Thursday. Sources say that the Spaniard, also a Commission vice president, insists that all state subsidy cases for Greek subsidiaries, even those in the privatization process and those already sold off, must undergo an in-depth examination.

A case in point is gaming company OPAP. The government is pushing for OPAP to have the exclusive rights for Internet betting in Greece, but the Commission appears to be resisting that pressure. Finance Minister Yannis Stournaras is said to be caught in a battle between Athens and Brussels on the issue: The prime minister’s office is pressing for the regulations that will hand over the monopoly on Internet betting to OPAP to be tabled in Parliament, while the European Union’s executive branch keeps asking for explanations regarding when and how much OPAP paid to acquire such a right.

Sources said on Thursday that Almunia advised Stournaras against bringing the regulations to the House without a prior forwarding to the Commission.

The Greek side had obtained an extension to supplying the necessary explanations on the subject through a letter received from Brussels in March 2013.

This was also the message that Almunia formally sent on Thursday to everyone concerned: Addressing an event in Athens on the European Day of Competition, he said that the Commission is assisting the Greek government in its reform of the credit sector and the implementation of the privatizations program, and that it is making sure those actions adhere to the directives on state subsidies.

In the case of banks, the European commissioner said the main objective in negotiations is to ensure that the bulk of the aid which Greek lenders have received will be used for the funding of real economy.

“We will be very cautious in the procedures of state subsidizing so that this aid gets to reach the real economy,” said Almunia.

Referring to the sell-off program, he noted that talks are under way for a number of state enterprises and infrastructure projects which in the past have received state subsidies and are now in the process of privatization.

He also hailed the creation of a special department at the Finance Ministry to deal with state subsidy issues. “I take note of that decision. It renders application easier, helps coordination with [public] administration, and should produce a more balanced distribution of public resources.”

ekathimerini.com , Thursday April 10, 2014 (23:06)  
Power rates soared 60 pct in six years
NBG chairman sees risks to recovery
Greek consumers shift toward money saving
IMF could offer know-how in backup plan for Greece
A year after GD members shot dead, police have no leads
A year after two members of neofascist Golden Dawn were shot dead outside the party’s offices in Neo Iraklio, north of Athens, police sources admitted that they have no leads to the killers....
No new Manolada trial, court rules
The Supreme Court has decided that four men who stood trial earlier this year for shooting 28 migrant workers at a strawberry farm in Nea Manolada in the Peloponnese should not be retried. S...
Inside News
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Obradovic watches Greens thrash his Fenerbahce
2. Berg returns to add spice to Panathinaikos´s Cup win
3. Power rates soared 60 pct in six years
4. NBG chairman sees risks to recovery
5. Greek consumers shift toward money saving
6. IMF could offer know-how in backup plan for Greece
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. European stocks tumble as banks decline after Enria’s comments
5. Civil servants to be investigated for transferring money abroad
6. Over 1,500 buildings and vehicles damaged in flash floods
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.