Tuesday Jan 27, 2015 Search
Weather | Athens
13o C
7o 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)  
Cyprus to stay in recession for 2015, university survey finds
Europe stocks fall from seven-year high; Greek bonds drop
Greek uncertainty weighs on low-rated eurozone bonds
Consumer confidence in decline in Q4
´Accidental economist´ and scourge of austerity tipped for Greek finance post
A scourge of austerity policies who calls himself an “accidental economist” is set to become Greece's finance minister and the key negotiator with its creditors, barring last-minute hitches,...
The new cabinet
Greek Cabinet as of January 27, 2015 Prime Minister: Alexis Tsipras Deputy Prime Minister: Yiannis Dragasakis Ministry of Interior and Administrative Reconstruction Minister: Nikos Voutsis A...
Inside News
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
Inside Sports
COMMENTARY
Greece, where everyone´s a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
EDITORIAL
Political faux pas
Democracies have rules and institutions that must be respected and served by all who represent them. Most people can appreciate that politicians who have worked hard for the past two-and-a-h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ´Accidental economist´ and scourge of austerity tipped for Greek finance post
2. The new cabinet
3. Cyprus to stay in recession for 2015, university survey finds
4. Kammenos: from conservative rebel to Greek PM´s unlikely ally
5. Yanis Varoufakis named Greece´s new finance minister
6. Greek Elections 2015: Forming a government, Part 2 | LIVE
more news
Today
This Week
1. Greek Elections 2015: Forming a government, Part 1 | LIVE
2. Greece, where everyone's a winner
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Political faux pas
5. Greek uncertainty weighs on low-rated eurozone bonds
6. Europe stocks fall from seven-year high; Greek bonds drop
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greek Elections 2015 | LIVE
3. SYRIZA heads for historic victory but without majority
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. QE exclusion a ‘de facto Grexit’
6. Unsupervised voting
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.