Thursday October 23, 2014 Search
Weather | Athens
24o C
14o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone to veto core program changes

 Senior official says that bloc will only accept limited fine-tuning to Greece’s streamlining project

By Eleni Varvitsioti

Greece’s creditors will not accept any changes to the core of the country’s streamlining program, only limited peripheral fine-tuning, as is the case during every assessment of the program, according to a top eurozone official in Brussels.

The two sub-tranches set for the end of May and end-June, each amounting to 1 billion euros, have been linked to six prior actions “whose implementation we are still awaiting,” said the same official. “I hope that the May prior actions will be completed by the end of this month.”

He added that the fiscal targets set for Greece are achievable, which is indicative of the attitude that the eurozone is expected to maintain in the coming months despite Athens’s intention to soften the harder-to-meet targets, such as achieving a primary surplus of 3.5 percent of gross domestic product next year. The message from the top European official is clear: The Greek government must focus on the implementation of its obligations and stick to the agreed framework.

Although the bailout funding for Greece is coming to an end, the European official was reluctant to predict what the next steps would be or to comment as to whether there would be another lightening of the country’s debt, saying that there were many options but they would be discussed after the summer.

He went on to stress the significance of the growth plan which former minister Yannis Stournaras had presented to his eurozone counterparts in May. The eurozone official said adhesion to the plan is vital for the realization of the fiscal targets, while priority should be given to measures that will further liberalize the Greek economy.

At Thursday’s Eurogroup meeting, which will be Gikas Hardouvelis’s first as Greece’s finance minister, his eurozone counterparts will be keen to meet him and listen to his presentation of the Greek government’s plans and priorities, as well as form an opinion as to his commitment to reforms. The managing director of the International Monetary Fund, Christine Lagarde, will also be taking part in the Eurogroup session in Luxembourg.

ekathimerini.com , Monday June 16, 2014 (20:52)  
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Global oil price drop sends local fuel prices back to 2010 levels
Buy big house, become a citizen
Cyprus seeks EU response over Turkey´s EEZ violation
Cyprus is to raise the issue of Turkey’s violation of its exclusive economic zone (EEZ) at Thursday’s European Council meeting after Turkish Prime Minister Ahmet Davutoglu raised the specter...
Thirteen indicted for inmate torture
Thirteen correctional officers and their former warden will stand trial in Serres, northern Greece, over the death of Albanian inmate Ilie Kareli on March 27 at Nigrita Prison. Kareli was tr...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Careful what you wish for
Everyone is in a rush to become prime minister in this country, as if they have not learned a single thing from its political history. While still in opposition, PASOK’s George Papandreou ma...
EDITORIAL
Taking care of our key industry
It’s time to face facts: Tourism is the country’s heavy industry. The sector’s considerable contribution has served as a stabilizing factor for the local economy, essentially placing the cou...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Roberto´s heroics make Kasami´s goal count
2. Athens weighs its LNG and CNG options
3. Greece ranks among global leaders in tourism growth
4. Global oil price drop sends local fuel prices back to 2010 levels
5. Buy big house, become a citizen
6. Cyprus seeks EU response over Turkey´s EEZ violation
more news
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Cyprus to block Turkey's EU talks after EEZ violation
3. EU’s Juncker wins Commission-team approval with investment vow
4. Juncker’s EU commission team set for parliamentary green light
5. Taprantzis resigns from privatization agency TAIPED
6. Fallen tree, smashup cause traffic jams in Athens
Today
This Week
1. Istanbul skyscraper casts shadow over Greece's banking ambitions
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. The past, present and future of the Greek debt crisis
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.