Sunday February 1, 2015 Search
Weather | Athens
16o C
13o 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)  
Coalition ally seeks tax amnesty to get cash back to banks
Dijsselbloem says Greece has to decide how to move ahead
ECBs Constancio signals Greek waiver may end if program dropped
Greece starts countdown to cash crunch saying bailout over
A week in and Greeces new leftist PM sticks to tough line, for now
Judging from Prime Minister Alexis Tsipras' first week in office, Greece's new leftist government is determined to take the hard-line, anti-bailout stance that international investors and Eu...
Greece starts drive to sell new debt deal to doubting Europe
Greece's leftist government on Sunday began its drive to persuade a sceptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its exist...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
COMMENTARY
The dogma and the command center
We have reached a critical juncture. We have a new, inexperienced government trying to see if the great negotiations discussed by everyone, be they from the left or the right, on TV over t...
EDITORIAL
Silence will not be forgiven
Its time for a turn toward realism, caution and logic. The negotiations with our partners and lenders must be concluded swiftly before the remaining healthy parts of the countrys productiv...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. A week in and Greeces new leftist PM sticks to tough line, for now
2. Greece starts drive to sell new debt deal to doubting Europe
3. Coalition ally seeks tax amnesty to get cash back to banks
4. France open to easing Greek debt burden, says finance minister
5. Poll shows most Germans want Greece to stay in eurozone
6. Frances Sapin says Greece has no future outside the euro
more news
Today
This Week
1. Dijsselbloem says Greece has to decide how to move ahead
2. Greece shakes Europe's political kaleidoscope: expect the unexpected
3. France open to easing Greek debt burden, says finance minister
4. Greece offers olive branch to seek allies
5. The dogma and the command center
6. Poll shows most Germans want Greece to stay in eurozone
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. EU must accept that Greek debt relief is inevitable
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. Athens may veto further EU sanctions against Russia
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.