Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Options to cover returned cuts

 Govt considers slashing benefits to police and armed forces and imposing extra measure on all taxpayers

By Sotiris Nikas

Police and the armed forces will be asked to cover part of the fiscal gap created by judicial decisions for the partly retroactive return of their salaries to July 2012 levels, while another part of the gap will be plugged by the general public.

A Friday meeting at the Finance Ministry examined the Council of State verdicts and participants concluded that not all the cuts will have to be returned to the police and members of the armed forces, although that might create a political issue.

The meeting focused on the impact of the decisions on the budget, and it appears that no new measures will be needed for this year provided the budget execution beats its targets, as appears likely. However, new and permanent measures may well be needed as of 2015 amounting to 200 million euros per year to cover the police and armed forces while the verdict on revoking cuts to judges incomes will raise requirements to 270 million euros per year.

The government is therefore planning to offset the salary returns with certain benefits originally due to police and armed forces staff, given also that they did not suffer the salary and pension cuts that the second bailout agreement had provided for from last year.

The rest of the shortfall will likely be covered through a measure affecting all taxpayers, although how this will be implemented is far from clear at this stage.

ekathimerini.com , Friday June 27, 2014 (22:05)  
Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Number of firms filing for bankruptcy in Greece drops
TAIPED finally finds suitors for Afandou properties
Traders say last weekend proved Sunday opening is pointless
Police release new photos of fugitive Roupa
Authorities have released four new photographs of Panayiota Roupa, the fugitive partner of urban guerrilla leader Nikos Maziotis who was arrested by police last week. Roupa, 45, is seen with...
Parts of Thessaloniki university campus sealed off as police investigate bomb threat
Parts of Aristotle University of Thessaloniki, in northern Greece, were evacuated on Wednesday after a bomb threat, according to police. University officials told police a man had called ear...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the countrys broader neighborhood are creating new challenges as well as threats in terms of the countrys interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Police release new photos of fugitive Roupa
2. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Number of firms filing for bankruptcy in Greece drops
5. TAIPED finally finds suitors for Afandou properties
6. Traders say last weekend proved Sunday opening is pointless
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Police release new photos of fugitive Roupa
6. Unequal after death
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.