Friday August 1, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Talk on Greek debt ‘when time is right’

 Finance Minister says no date has been set to discuss the lightening and sustainability of country’s arrears

By Eleni Varvitsioti

No date has been set for negotiations over a lightening of Greece’s public debt, Finance Minister Gikas Hardouvelis said on Friday, stressing that it will take place when the time is right. The new finance chief also reiterated Athens’s pledge to meet its obligations to creditors this summer.

“We shall fulfill all 12 prior actions [required for the disbursement of the next bailout sub-tranches] before the August holidays, as the government has every intention to move rapidly toward implementing the reforms it has promised,” Hardouvelis told the last Ecofin council under Greece’s rotating presidency of the European Union.

Adding a personal touch to his address, Hardouvelis, who assumed the finance chief post after a government reshuffle earlier this month, told the council of the EU economy and finance ministers that: “Greece is entering a new era, and its citizens are managing their problems and showing the determination to resolve them.” The minister said that Greeks have been through six tough years, adding that every household is experiencing the crisis through unemployment and problems in the payment of salaries by enterprises.

Hardouvelis also made reference to growing calls within Greece for a more balanced policy by the Europeans so that promises made by the EU are followed by the necessary financial support.

He explained that the delay in the completion of the prior actions is due to the European elections last month, which froze procedures not only on a Greek but also on a European level. He repeated a pledge made on Thursday at the Eurogroup meeting, saying that the first six prior actions will be implemented by end-June, while the other six will be fulfilled by August.

Hardouvelis stressed that while the International Monetary Fund has guaranteed continued funding of the country, European funding, which is coming to its end, still depends on the prior actions, i.e. reforms. After the 2 billion euros Greece will receive with the implementation of the 12 prior actions, the eurozone will only have to disburse another 1.8 billion euros to Athens.

ekathimerini.com , Friday June 20, 2014 (22:49)  
Greek bond yields dip as investors anticipate ratings upgrade
Greek exporters worried about impact of Russia sanctions
Traders unhappy with turnover
No rivals for Intralot as it bags racing bet permit
Jean-Claude Juncker to make first official visit to Athens on Monday
European Commission President-elect Jean-Claude Juncker is expected in Athens on Monday, where he will be meeting with Greek Prime Minister Antonis Samaras, the Commission announced on Frida...
Britons stranded at sea off Zakynthos towed to safety
Four British tourists who went missing late on Thursday off the coast of the Ionian island of Zakynthos were found safe and sound in the early hours of Friday. The group of Britons had hired...
Inside News
SOCCER
One win and one loss in Europa League
Greece had a hit and a miss in the first-leg games for the third qualifying round of the Europa League on Thursday, as Atromitos scored a 2-1 win at Sarajevo while Asteras Tripolis lost 1-0 ...
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...
Inside Sports
COMMENTARY
In trying to conquer, Putin unites Europe
President Vladimir Putin is obliged to feign indifference to the sanctions that the European Union and the United States imposed on Russia this week. But, being the player that he is, he mus...
EDITORIAL
Our own worst enemies
A new study has come to exemplify the cliche notion that Greeks find it easier to excel abroad, where they fare much better than they do at home. According to research by epidemiologist John...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Jean-Claude Juncker to make first official visit to Athens on Monday
2. Britons stranded at sea off Zakynthos towed to safety
3. Greek bond yields dip as investors anticipate ratings upgrade
4. Human rights watchdog criticizes decision to file Farmakonisi case
5. Greek exporters worried about impact of Russia sanctions
6. Greece evacuates embassy staff, foreign nationals from Libya
more news
Today
This Week
1. Greece evacuates embassy staff, foreign nationals from Libya
2. Greek exporters worried about impact of Russia sanctions
3. Greek bond yields dip as investors anticipate ratings upgrade
4. Human rights watchdog criticizes decision to file Farmakonisi case
5. Britons stranded at sea off Zakynthos towed to safety
6. Jean-Claude Juncker to make first official visit to Athens on Monday
Today
This Week
1. Wine cup used by Pericles found in grave north of Athens
2. Quadriplegic woman on life support 'dies due to unpaid power bills'
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. World’s largest solar boat on Greek mission
5. Greece names fifth privatization agency chief in four years
6. What lessons can we draw from antiquity?
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.