Saturday November 1, 2014 Search
Weather | Athens
18o C
13o 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)  
Disposable income of households fell 10.3 pct in one year
Banks unhappy with bad loans bill
State debtor numbers grew in September
Reform plan among conditions
Ministry swap halts talk of reshuffle as reforms eyed
Prime Minister Antonis Samaras on Friday appointed Nikos Dendias as defense minister, replacing outgoing Dimitris Avramopoulos, who assumes the European Commission’s immigration portfolio ne...
Turkish-Greek cooperation in Aegean helps stem flow of migrants
Closer cooperation between Greek and Turkish coast guard authorities has led to 11,000 undocumented migrants being prevented from entering Greek borders and returned to the neighboring count...
Inside News
BASKETBALL
Spanoulis played Zeus for Olympiakos against Neptunas
Captain Vassilis Spanoulis helped Olympiakos narrowly avoid an upset on Friday as it defeated Euroleague debutant Neptunas Klaipeda 85-81 in overtime in Lithuania to preserve its perfect sta...
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Spanoulis played Zeus for Olympiakos against Neptunas
2. Disposable income of households fell 10.3 pct in one year
3. Banks unhappy with bad loans bill
4. State debtor numbers grew in September
5. Reform plan among conditions
6. Ministry swap halts talk of reshuffle as reforms eyed
more news
Today
This Week
1. Archaeologists find underground vault at Amphipolis tomb
2. Man shot dead, woman injured in Vathis square attack
3. Greek retail sales rise for third month in a row
4. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
5. Germany’s 10-year bonds decline before euro-area inflation data
6. New defense minister to be appointed without reshuffle
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.