Wednesday April 1, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurostat to confirm the size of 2013 primary surplus

By Sotiris Nikas

Eurostat is expected on Wednesday to ratify the 2013 primary budget surplus, which will serve as the trigger for the further lightening of the Greek debt. The announcement will be the focus of Thursday’s Euro Working Group along with the presentation of a new growth plan for the Greek economy aimed at changing conditions in the country.

Alternate Finance Minister Christos Staikouras stated before Easter that the primary surplus according to the European System of Accounts is about 3.4 billion euros, while according to the bailout agreement calculation mode the primary surplus remains strong at 1.4 billion euros.

The Euro Working Group – i.e. the meeting of the council of eurozone finance ministry senior officials – will convene on Thursday to establish how the Greek streamlining program is going. Sources say that after the passage of the multi-bill last month and various regulations voted through in other bills, Greece has completed over 90 percent of the obligations the government has undertaken through the bailout agreement. This illustrates that the program is well on course.

The confirmed progress of the streamlining program and the definitive primary surplus for last year’s budget fulfill the two conditions set at the November 27, 2012 Eurogroup meeting for the start of talks to lighten Greece’s national debt. They also allow Thursday’s Euro Working Group to approve the disbursement of the next bailout installment of 6.3 billion euros.

In that context Greece’s representative in the Euro Working Group and head of the Financial Experts’ Council, Panos Tsakloglou, will put the issue of the country’s debt on the table at Thursday’s meeting and present his counterparts with the full growth plan the government has drafted.

ekathimerini.com , Tuesday April 22, 2014 (23:28)  
ECB to review Greek bank liquidity after March deposit drop
Buffett says Greek exit from euro ‘may not be a bad thing’
European shares fall early; eurozone PMIs eyed
Business sentiment in decline
Anastasiades welcomes Barbaros departure, urges Turkey to respect Cyprus´s sovereign rights
Cyprus President Nicos Anastasiades on Wednesday welcomed the departure of Turkish seismic vessel Barbaros from the island's exclusive economic zone (EEZ), adding however that it was importa...
Man fined 60,000 euros for shooting neighbor´s dogs to death
A man has been fined 60,000 for killing the dogs of his neighbor in the village of Anydro, in Fthiotida, central Greece, reports said Wednesday. The 85-year-old man had shot and killed the a...
Inside News
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Going his own way
While up until the last election we had become accustomed to referring to the coalition government led by Antonis Samaras as one featuring a split personality, no political psychoanalyst cou...
EDITORIAL
Righting the wrongs
A country that wants to move forward should study and deal with its past mistakes in a mature and responsible manner. Greece was hit by an unprecedented debt crisis and it came to the brink ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ECB to review Greek bank liquidity after March deposit drop
2. Anastasiades welcomes Barbaros departure, urges Turkey to respect Cyprus´s sovereign rights
3. Man fined 60,000 euros for shooting neighbor´s dogs to death
4. Protesters occupy Xanthi municipality
5. Greek pensioners protest over cuts, healthcare
6. Buffett says Greek exit from euro ‘may not be a bad thing’
more news
Today
This Week
1. Finance Ministry officials to discuss talks progress as EU pushes for action [Update]
2. Athens aims to tighten ties with Russia
3. Greek economy minister sees deal with EU/IMF on reforms next week
4. Going his own way
5. Buffett says Greek exit from euro ‘may not be a bad thing’
6. Spike in migrants reaching Lesvos
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.