Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
First prior actions to be completed by end-June

 Hardouvelis tells Eurogroup peers that reform effort is ongoing

Greece has committed itself to the immediate fulfillment of some prior actions required for the disbursement of the next bailout sub-tranches, the head of the Eurogroup stated on Thursday following a meeting of the council of eurozone finance ministers in Luxembourg.

Jeroen Dijsselbloem said that Greece’s new finance minister, Gikas Hardouvelis, had assured his counterparts that “the first prior actions will have been completed by the end of the month.” He added that Hardouvelis promised Athens will continue with its difficult efforts and provided details regarding Haris Theoharis’s departure from the post of general secretary for public revenues. The Dutch minister noted that the Eurogroup was assured that the replacement process will be “open and transparent.”

“There was no reference to tax easing,” Dijsselbloem said when questioned over whether Hardouvelis had touched on the issue. He went on to stress the need for Greece to fulfill its commitments regarding the prior actions and that there is plenty of work ahead.

On the matter of Greece’s public debt, the Eurogroup chief made it clear that the eurozone ministers have committed themselves to examining the issue after the summer. He stated that there are three conditions: that Greece covers the program’s requirements in terms of reforms, prior actions etc, that the country’s budget shows a primary surplus, and that a revision is conducted to determine whether another debt lightening is indeed necessary.

For his part, the head of the European Stability Mechanism, Klaus Regling, offered assurances that the extension of the maturity of the loans and the possibility of any further interventions in the interest rates on the loans Greece received in its first bailout will be examined before the end of the year.

He added that there is no margin for reducing the rates of the European Financial Stability Facility (EFSF), as “at the moment we are charging the least possible and if we reduce our rates further then someone will need to compensate us.” That someone could be the eurozone member states, but he said that does not appear likely.

ekathimerini.com , Thursday June 19, 2014 (23:22)  
Gov’t reins in spending of regions
Intralot to run one-horse race for betting permit
Work to start on Academy Gardens
Banks shift to corporate credit
Strawberry farm shooting verdict draws ire
There was an outcry on Wednesday after the owner of a strawberry farm in the Peloponnese, where 28 migrant workers were shot last year, was cleared of any wrongdoing along with one of his fo...
Greece evacuates Tripoli embassy
Greece dispatched a navy frigate to Tripoli on Wednesday after the Foreign Ministry decided to evacuate all personnel from its embassy in the Libyan capital as fighting between rival militia...
Inside News
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greece’s former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Goalless draw at Liege puts Greens in driving seat
2. Strawberry farm shooting verdict draws ire
3. Gov’t reins in spending of regions
4. Greece evacuates Tripoli embassy
5. Former municipal police officers put on the beat in city center
6. Intralot to run one-horse race for betting permit
more news
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. Six firms submit bids to lease Vouliagmeni beach
3. IMF's Lagarde not sure yet about debt relief for Greece
4. Coalition submits new proposals for Greek coastline
5. Police arrest one, seek another three over counterfeit goods
6. EU Commissioner Damanaki unlikely to return to Greek politics
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. Front-line threats
5. Greece names fifth privatization agency chief in four years
6. Greek coast guard picks up 77 migrants off Myconos
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.