Monday September 1, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens happy with delay to talks with the troika

 Stournaras admits that postponing negotiations will enable December data to be factored in

Greeces fiscal progress will probably not be on the agenda of the next Eurogroup on January 27, as the government would rather delay talks with its creditors in order to have what it sees as favorable December 2013 data factored in too.

With the date of the return of the troika of chief inspectors from the European Commission, the European Central Bank and the International Monetary Fund still pending, Finance Minister Yannis Stournaras stated on Monday that the delay is due to the difficulty of the negotiations and the lack of agreement.

Speaking on Skai TV on Monday night, the minister admitted that it would be very hard to strike a deal by January 27, and said, We want a delay in the negotiations because we want to incorporate the December data that will illustrate a further improvement in the economy.

The government is now eyeing an agreement with its creditors by the Eurogroup meeting of eurozone finance ministers in February instead, expecting a clean bill that would pave the way for the release of all the bailout installments left up to the end of the program in June.

That is also said to be the political target of Greeces eurozone peers, as they wish to give the government some room to breathe ahead of the European Parliament elections in May. They will therefore opt for an agreement on specific prior actions whose implementation will trigger the disbursement of tranches (or parts thereof) automatically, without any more troika visits to Athens.

Stournaras told Skai that the government is fighting to secure easier terms and we have achieved it in cases such as the VAT in food services. There is no chance the VAT will revert to 23 percent, for at least one year, and we want to convince [the creditors] to retain it for the next few years, too. I believe the fiscal loss will be minimal, no more than 100 million euros [per annum].

He added that we have achieved 80 percent of our targets, especially on the fiscal front, but we will miss them if we lower our taxes.

He also dismissed talk of his appointment as the next governor of the Bank of Greece, saying he is not concerned about scenarios.

ekathimerini.com , Monday Jan 13, 2014 (22:33)  
Europe drafts emergency energy plan with eye on Russia gas shut-down
Greek PM vows to bring down unemployment
Greek economy shrinks at slowest pace since late 2008
Prospect of Greek grand prix back on the agenda; huge investment needed
Hardouvelis optimistic ahead of Paris meeting
The Greek government has stepped up its efforts in advancing the structural measures it has committed to, Finance Minister Gikas Hardouvelis said Monday ahead of a two-day meeting with troik...
Erdogan visits Turkish-occupied Cyprus
Recep Tayyip Erdogan was on Monday expected in Turkish-occupied northern Cyprus in his first official visit as new Turkey President. Erdogan, who was sworn in as his country's first popularl...
Inside News
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
SOCCER
Tough draw for Greek sides in Europa League group stage
Following Thursday nights high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
Inside Sports
ANALYSIS
EUs three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Polands prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the countrys need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Europe drafts emergency energy plan with eye on Russia gas shut-down
2. Greek PM vows to bring down unemployment
3. Hardouvelis optimistic ahead of Paris meeting
4. Erdogan visits Turkish-occupied Cyprus
5. Greek economy shrinks at slowest pace since late 2008
6. Laid-off cleaners to protest outside police headquarters
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Dont feed the zombies
4. Greek officials meet to fine tune strategy for Paris talks with troika
5. Greek economy shrinks at slowest pace since late 2008
6. Deputy Education Minister Koukodimos resigns
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. The battle against progress
3. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.