Saturday August 2, 2014 Search
Weather | Athens
31o C
24o 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)  
Greek PMI drops to nine-month low in July
Property tax surplus may lead to more installments or cuts
Athens-Patra in just two hours
Plans to tackle Russian crisis
Libya evacuees set to reach Piraeus on Saturday
A Greek frigate carrying 186 people evacuated from conflict-ridden Libya is expected to reach the port of Piraeus early Saturday, the Greek Defense Ministry said. The evacuation operation to...
Coast guard seeks boost in Aegean
Efforts to boost the number of coast guard officers serving on Aegean islands where authorities have to deal with large numbers of undocumented migrants who are smuggled by traffickers from ...
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. Greek PMI drops to nine-month low in July
2. Property tax surplus may lead to more installments or cuts
3. Athens-Patra in just two hours
4. Plans to tackle Russian crisis
5. Fifth straight day of losses on Greek bourse
6. Libya evacuees set to reach Piraeus on Saturday
more news
Today
This Week
1. Greece evacuates embassy staff, foreign nationals from Libya
2. Greek exporters worried about impact of Russia sanctions
3. Britons stranded at sea off Zakynthos towed to safety
4. Greek bond yields dip as investors anticipate ratings upgrade
5. Human rights watchdog criticizes decision to file Farmakonisi case
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. Defense Minister Avramopoulos to represent Greece at European Commission
3. World’s largest solar boat on Greek mission
4. Greece names fifth privatization agency chief in four years
5. What lessons can we draw from antiquity?
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.