Friday September 19, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Loaded agenda for Paris talks

 Troika to hear out Greek mission next week, process information before next inspection late in September

By Sotiris Nikas

The Greeks heading to Paris next week for a series of meetings with the country’s creditor representatives will have a loaded agenda. Led by five ministers, the mission’s objective is to smooth the way for the troika’s next inspection.

The outcome of the three days of talks starting Tuesday remains unpredictable. The troika has made it clear it does not intend to adopt any positions, but instead plans to hear out the Greek mission and then process the information ahead of the negotiations in late September.

The Finance Ministry will be focusing on the budget’s progress in 2014 and the 2015 fiscal gap. The troika estimates the gap at 2 billion euros, while the Greek side puts it much lower, at 900 million. However, certain changes are likely to occur that will affect these estimates, one being the government’s intention to soften the impact of certain taxes, including the special consumption tax on fuel and the ENFIA property tax. The revisions here will widen the fiscal gap. The troika has not raised objections but it does expect countermeasures.

The issues concerning the Labor Ministry, which are both significant and numerous, include a re-examination of regulations on mass job cuts, union group rights, the finances of the country’s social security system and revision proposals, as well as changes to welfare payments. The government will seek to postpone any moves on these matters until future talks have taken place. The junior coalition partner, PASOK, has made it clear it will not accept troika demands on labor issues.

As for the Administrative Reform Ministry, civil service job cuts and the sector’s new unified pay structure will be at the forefront of the talks. If the job cuts objective for 2014, set at 15,000, is to be achieved, a further 6,500 civil servants will need to go.

The mountain of nonperforming bank loans and revisions to foreclosure procedures for real estate as a result of tax debts are the core issues being dealt with at the Development Ministry, as well as the Justice Ministry. Earlier this week, the government underlined its intention to reject troika demands for foreclosure auctions beginning at one-third of properties’ nominal values.

ekathimerini.com , Friday August 29, 2014 (20:10)  
Cyprus civil servants´ strike called off
Bank of Cyprus to sell UK loan portfolio
Elliniko investors eye Cyprus project warily
Auctions lead to surprise stock growth
Minister calls on Tsipras to clarify position on public sector checks
Administrative Reform Minister Kyriakos Mitsotakis called on SYRIZA leader Alexis Tsipras to publicly state his position on the government’s efforts to review public sector contracts and roo...
SYRIZA demands ND reaction to new claims of Baltakos contact with Golden Dawn
SYRIZA has called on New Democracy to respond to a newspaper report that claimed the former cabinet secretary Panayiotis Baltakos advised Golden Dawn MPs on how they should vote. Leftist MP ...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
High stakes after the Scottish vote
We will soon know whether the Scots voted for their country’s independence or whether they will remain citizens of the “United Kingdom of Great Britain and Northern Ireland.” What was alread...
EDITORIAL
Breathing room
Even Greece’s biggest critics find it hard to deny that the debt-hit country has achieved an unprecedented fiscal turnaround within a very short period of time. Sure, progress in promoting t...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus civil servants´ strike called off
2. Bank of Cyprus to sell UK loan portfolio
3. Elliniko investors eye Cyprus project warily
4. Auctions lead to surprise stock growth
5. Minister calls on Tsipras to clarify position on public sector checks
6. SYRIZA demands ND reaction to new claims of Baltakos contact with Golden Dawn
more news
Today
This Week
1. Dozens of arrests at march to mark anniversary of Fyssas murder
2. EIB signs deals with Greece for 815-mln investment in infrastructure projects
3. Syntagma metro station to close for Fyssas tribute concert
4. ECB eyes banks’ capital quality as target for supervisory power
5. Samaras heads to Azerbaijan for two-day visit
6. Homeless man falls to death from shelter in central Athens
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.