Tuesday November 25, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Gov't, troika reach deal, paving way for aid release

 PM confirms that 15,000 civil servants to go by end of 2014
The IMF’s troika representative to Greece Poul Thomsen (right) speaks as Greek Financial Minister Yannis Stournaras listens during a conference on the economy in central Athens on Monday.

Government and troika officials on Monday announced that they had finally reached a deal on a series of contentious reforms – including thousands of layoffs in the civil service – following two weeks of tough talks, paving the way for the release of crucial rescue funding over the coming days.

After Finance Minister Yannis Stournaras heralded the breakthrough on Monday morning, telling reporters, “We have a deal,” Prime Minister Antonis Samaras gave a triumphant televised address in which he sought to reassure Greeks that three years of tough measures had not been in vain.

“The sacrifices are beginning to pay off,” he said, adding that “the situation is changing, the psychology is changing.“ “Until recently, Greece had been an example to avoid in Europe,” he said, echoing Stournaras’s conviction that Greece would achieve a primary surplus this year, allowing it to seek more debt relief.

The premier also confirmed that a total of 15,000 civil servants would be dismissed before the end of 2014, with 4,000 to go this year, but he stressed that each departure would be replaced by a new recruit. “The same number of new people will be recruited in their place,” he said.

Poul Thomsen, the head of the International Monetary Fund’s mission to Greece, struck a similar note at a conference in Athens organized by The Economist, saying that public sector staff “will not be eliminated but replaced by young, capable people.” He did not confirm explicitly that the one-hiring-to-one-firing ratio would apply.

Thomsen stressed that Greece had “indeed come a long way” with its reform program, noting that “the fiscal adjustment has been exceptional by any standard.” He noted, however, that major challenges remained. “Tax evasion remains a huge problem,” he said. Nevertheless, Greece has ticked enough boxes to put it on course for the release of a 2.8-billion-euro loan tranche that had been due in March as well as 7.2 billion euros for the recapitalization of the country’s banks, the envoy said.

An official statement issued jointly by the IMF, the European Commission and the European Central Bank, which have jointly extended Greece two foreign bailouts worth 240 billion euros since 2010, confirmed that the creditors were happy with the government’s performance. “Fiscal performance is on track to meet the program targets, and the government is committed to fully implement all agreed fiscal measures for 2013-2014 that are not yet in place,” the statement said, adding that the release of a loan tranche of 2.8 billion euros that had been due in March “could be agreed soon by the euro-area member states.”

The deal with the troika prompted angry responses from opposition parties, with Alexis Tsipras, the head of the main leftist opposition SYRIZA, taking particular issue with the civil service layoffs which he described as “human sacrifices.“ “Instead of emerging from the crisis, we are sinking further and further into it,” he said.

ekathimerini.com , Monday April 15, 2013 (21:57)  
Hundreds of migrants on crippled ship off Crete
Policemen suspected of working at Piraeus bar where shooting took place
Ankara proposes private firm to seek natural gas off Cyprus
Further tension builds up at universities
Debtors snap up offer for easier settlements
The government’s plan for the settlement debts to the state is paying off as Greeks are signing up in numbers for the more favorable payment scheme. In less than 24 hours since the opening o...
Belgium gas firm said to be eyeing DESFA
Belgian natural gas network operator Fluxys is said to be eyeing the Greek gas grid, after signing an agreement on Monday with its Greek counterpart (DESFA) for the drafting of a study on th...
Inside Business
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The country’s citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
3. Two police officers among 9 arrested for drug trafficking
4. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
5. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
6. Fraport, Copelouzos offer highest bid for Greek regional airports
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Give Greece a chance
4. Every age has its collaborators
5. Anti-junta uprising anniversary to be marked amid tight security
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.