Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Final stretch for talks on cuts

 PM hopes to reach coalition deal before Friday, as new poll shows strong opposition to measures

Plans to wrap up by the end of the week negotiations with the troika on some 11.5 billion euros of cuts are still on course, government sources suggested Monday, following a meeting between Finance Minister Yannis Stournaras and representatives of Greece’s lenders.

Greece’s coalition leaders are due to meet Wednesday or on Thursday to finalize the cuts before Prime Minister Antonis Samaras flies to Rome on Friday to meet Italian Premier Mario Monti. Samaras is aiming to secure an agreement with PASOK’s Evangelos Venizelos and Democratic Left’s Fotis Kouvelis before leaving.

The government is hoping that after that, Stournaras will conclude talks with the troika and the coalition can draw the relevant bills to be submitted to Parliament. It is possible the draft laws will be appended to the 2013 national budget and submitted to Parliament before the meeting of eurozone finance minister on October 8 and the European Union leaders’ summit on October 18 and 19.

Following Stournaras’s meeting with troika officials, Finance Ministry sources said there had been “more progress” between the two sides but that the talks would continues. The finance minister remained evasive on the issue of whether a rise in the retirement age from 65 to 67 would be one of the measures adopted by the coalition in order to clinch the deal with its lenders. “We’ll see,” Stournaras told reporters.

While the coalition has a comfortable majority in Parliament to rely on to pass the measures, it faces a sizable task in convincing the public that the country is on the right track. A new Public Issue poll for Skai and Kathimerini suggested that only 20 percent of Greeks are satisfied with the government and 68 percent are against the terms of the loan deal. Of those questioned, 85 percent say they will probably be affected by the latest cuts. Nevertheless, 67 percent of Greeks still view the euro positively.

In Germany, Chancellor Angela Merkel said in a news conference that her “heart bleeds” at the hardships faced by many Greeks due to the austerity measures but stressed the need for Greece to continue reforms in order to remain in the eurozone.

“I think that everyone who is politically sensible will want that, too,” she said of Greece’s membership of the single currency, while calling on Greeks to back reforms. “In some cases, this is about reforms that, I think, wouldn’t bring any extra burden for the population.

“I don’t think it helps to revolt against measures that have to be taken anyway.”

ekathimerini.com , Monday September 17, 2012 (20:52)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greece’s lenders seem adamant that gov’t must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Nicosia says reforms are bringing results
4. Samaras pledges action after flash floods in Athens
5. Greece’s lenders seem adamant that gov’t must act on bailout commitments
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.