Friday December 19, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ahead of Eurogroup, Dijsselbloem says troika review in Greece taking too long

Eurogroup chief Jeroen Dijsselbloem has called on Greece to speed up the current troika review of its adjustment program ahead of a Eurogroup meeting Brussels on Monday.

Greek Finance Minister Yannis Stournaras was due to brief his eurozone counterparts on where things stand with regards to the outstanding issues that need to be settled before the review can be wrapped up and more bailout money can be released.

The Dutch finance minister indicated that he would like the process, which began in September, to speed up.

“The current review is taking too long,” Dijsselbloem said in response to a question from Kathimerini’s Brussels correspondent Eleni Varvitsioti.

“I think its in the joint interest of us and the Greek government to finalize it as soon as possible but I’m going to hear what the last issues are and what progress we can make.”

Stournaras is likely to come under pressure at the Eurogroup meeting as the current review of Greece’s adjustment program remains open. Greece’s lenders last week made it known that they want Athens to adopt the OECD’s proposals before the review can be completed.

After an 11-month study, the OECD identified in November 555 regulatory restrictions which it says undermine competition. The Paris-based organization made 329 recommendations on legal provisions that should be amended or repealed.

The OECD estimates the benefit to the Greek economy would be around 5.2 billion euros, or roughly 2.5 percent of gross domestic product, as a result of “increased purchasing power for consumers and efficiency gains for companies.”

The government is likely to agree to adopt around 80 percent of the OECD’s proposals.

However, there are also two key fiscal issues that remain unresolved. One concerns the fiscal gap for 2014 and whether a Council of State ruling reversing wage cuts in the armed forces and emergency services means that the government has to adopt new measures this year.

Then, there is the matter of the fiscal gap for 2015. The government estimates this to be around 1 billion euros, whereas the troika believes it will be two to three times this figure.

Troika officials are expected to return to Athens towards the end of this week or the beginning of next week. The aim is to achieve a staff level agreement in time for the Eurogroup which is due to take place on February 17.

ekathimerini.com , Monday Jan 27, 2014 (14:37)  
Importers told to pay up in advance
Jobless rate posts steady decline
Piraeus and KKR strike loans portfolio deal
German approval and praise come at key time
Independent Greeks leader backs MP´s bribery claims, threatens to release video
At an emergency press conference on Friday, Independent Greeks leader Panos Kammenos backed allegations by his MP Pavlos Haikalis according to which a middleman tried to bribe the latter to ...
Ministry rebuffs reports that Amphipolis skeleton has been identified
The Greek Culture Ministry on Friday denied press reports according to which the human remains discovered in an excavation at the site of Ancient Amphipolis in northern Greece have been iden...
Inside News
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldn’t make it up: That Sony, one of the world’s biggest film producers, would be forced to pull a comedy about the assassination of North Korea’s dictator after a ...
EDITORIAL
Oblivious to change
The world around us is undergoing many important changes while we sit around stewing in our own juices. US President Barack Obama is actually talking with Cuba’s Raul Castro, for example, bu...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Independent Greeks leader backs MP´s bribery claims, threatens to release video
2. Ministry rebuffs reports that Amphipolis skeleton has been identified
3. Gov´t spokeswoman says bribery claims ´badly-played charade,´ heralds legal action if evidence not produced
4. Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
5. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
6. Independent Greeks MP Haikalis claims attempted bribery for presidential vote
more news
Today
This Week
1. Independent Greeks MP Haikalis claims attempted bribery for presidential vote
2. Greek PM Samaras confronts peril putting his Greek transformation to vote
3. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
4. Former premier Mitsotakis to meet President Papoulias to discuss political upheaval
5. Gov't spokeswoman says bribery claims 'badly-played charade,' heralds legal action if evidence not produced
6. Ministry rebuffs reports that Amphipolis skeleton has been identified
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. High stakes
6. Gap between SYRIZA and New Democracy closing, says poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.