Saturday December 27, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika talks need more time

 Stournaras says the process is difficult, as government officials expect an agreement by February 17

By Eleni Varvitsioti & Nikos Chrysoloras

Negotiations between Athens and its international creditors will last as long as it takes to reach an agreement, Finance Minister Yannis Stournaras told the European Parliament on Wednesday in Brussels. He added that this assessment process “is difficult,” with the government trying to achieve the best possible result for the sake of the Greek people.

Nevertheless sources say the prevailing feeling among government officials is that the months-long assessment which started in September will be completed before next month’s Eurogroup meeting, scheduled for February 17.

The same sources claim that the difficulties at the moment are mostly technical, even semantic in certain instances, while as far as the substance is concerned the most important problem concerns the fiscal gap in the program that requires further cuts to reach the primary surplus planned for 2015. The measures to plug that gap have not even reached the negotiating table yet.

Despite that fresh delay, Stournaras again highlighted the progress Greece has recorded, citing the primary deficit Greece had in 2009, at 10.4 percent of gross domestic product, which turned into a primary surplus estimated at 0.4 percent of GDP in 2013. “This is the biggest and fastest fiscal adjustment ever recorded in an OECD economy,” the Greek finance minister said, referring to the member states of the Organization for Economic Cooperation and Development.

Stournaras addressed the European Parliament as the head of the ECOFIN council of European Union economy and finance ministers for the current six-month period, and stated his priorities for the rotating presidency of the EU, which Greece presently holds. He said the biggest challenge is the agreement of member states and the European Parliament on the completion of the banking union, with the introduction of a centralized system to deal with problems related to credit institutions. Stournaras added that Athens’s aim is to reach an agreement before the end of the European Parliament’s term in April, due to the upcoming elections in May.

ekathimerini.com , Wednesday Jan 22, 2014 (22:57)  
Major rise in air arrivals this year
Uncertainty sees fuel demand revert to crisis level
High occupancy rates at winter resorts this Christmas
Paperwork for taxpayers living abroad
Hope for Cyprus talks amid reports Turkish ship Barbaros withdrawing
New hope for the possible resumption of stalled Cyprus talks emerged on Christmas Day amid reports in the Turkish media that the Turkish seismic vessel Barbaros would withdraw from Cypriot w...
Gov’t condemns desecration of Jewish cemetery in Larissa
The government has condemned an attack on the Jewish cemetery of Larissa, central Greece, on Christmas Eve. In a statement, Deputy Prime Minister and Foreign Minister Evangelos Venizelos (ph...
Inside News
National homeless team and PAO join Christmas Truce commemoration
Panathinaikos and the Greek National Homeless Soccer Team met at the training center of the Greens in Koropi last weekend for an informal soccer get-together, commemorating the “Christmas Tr...
SOCCER
Atromitos signs Greece midfielder Katsouranis
Atromitos announced on Friday the most impressive transfer of this winter’s window, the signing of former Greece skipper Costas Katsouranis. The defensive midfielder has signed a six-month c...
Inside Sports
COMMENTARY
A positive note
Given the celebratory nature of the Christmas season, any discussion of the country’s current situation or modern-day agnostics’ mystification at interpretations of the divine would be depre...
EDITORIAL
Every little bit helps
There is no time like the present for us to renew our efforts to carry out our duty toward those of our fellow citizens who have suffered more than most during the last four years of austeri...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. National homeless team and PAO join Christmas Truce commemoration
2. Hope for Cyprus talks amid reports Turkish ship Barbaros withdrawing
3. Major rise in air arrivals this year
4. Uncertainty sees fuel demand revert to crisis level
5. Gov’t condemns desecration of Jewish cemetery in Larissa
6. High occupancy rates at winter resorts this Christmas
more news
Today
This Week
1. Honorary chief of AmCham in Greece calls on Papoulias to help the country
2. Greek exporters report earlier repayment
3. Woman arrested trying to sell her 3-day-old grandchild
4. Uncertainty sees fuel demand revert to crisis level
5. Hope for Cyprus talks amid reports Turkish ship Barbaros withdrawing
6. Gov’t condemns desecration of Jewish cemetery in Larissa
Today
This Week
1. Who lost Greece
2. Greek PM offers compromise solution with elections by end-2015
3. The big picture
4. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
5. ‘Crisis of confidence will come back again and again,’ says Thomas Piketty
6. Support for Greek presidential candidate up to 168 as final vote looms
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.