Saturday September 20, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece looks for final batch of cuts to meet troika targets

Prime Minister Antonis Samaras is set to meet with his coalition partners on Thursday to finalize the measures that will bring the 11.5 billion euros in cuts demanded by the troika, with which the government hopes to conclude talks on Sunday.

Samaras will meet PASOK’s Evangelos Venizelos and Democratic Left’s Fotis Kouvelis with the aim of approving the final savings to reach the troika’s targets. It is thought that some 7.5 billion euros have been agreed.

Labor Minister Yiannis Vroutsis said that he knows of no plan to raise the amount to be saved through cuts to pensions, wages and benefits, which currently stands at 5 billion euros. Some reports suggested that the total might actually reach as much as 9.5 billion euros.

However, a report in Ta Nea newspaper on Wednesday suggested that the government is planning to slash the lump-sum payment received by some retirees by up to 83 percent and to make this retroactive, requiring some pensioners to pay money back to the state through an extra tax.

Thursday’s meeting is, according to reports, due to take place at 1 p.m. Both Venizelos and Kouvelis have expressed objections to some of the harsher measures proposed by creditors although they have said they will not provoke a crisis in the shaky coalition.

Venizelos on Tuesday told his MPs that the final package would be “the inevitable outcome of a dual compromise,” referring to the government’s concessions to its creditors and the junior coalition partners’ concessions to dominant New Democracy.

In Kouvelis’s ranks, certain MPs have suggested they will vote down the measures but any defections are not expected to pose a threat to the approval of the bill next week.

The government hopes to conclude negotiations with the troika so the measures can be voted through Parliament in October, with the aim of securing the release of Greece’s next bailout tranche, which is worth 31.5 billion euros.

According to sources, Samaras is expected to deliver a televised address to the nation at some point next week -- ahead of a parliamentary vote -- in which he is likely to stress that the new measures will be the last and to underline the importance of Greece securing its position in the eurozone.

After Thursday’s coalition talks, Samaras is to travel to Rome on Thursday for meetings with his Italian counterpart Mario Monti on Friday and with Pope Benedict XVI on Saturday.

ekathimerini.com , Wednesday September 19, 2012 (10:59)  
Results of probe into 20 Lagarde list names due soon
Police refute reports of Jihadi training
Gov’t drafts plan to secure exit from memorandum
Greek commuters have relatively long wait
Record sum of new debts to the state in August
Expired debts to the state rose to a record high in August, according to data released on Friday by the Finance Ministry. The sum of taxes and fines that remained unpaid after their deadline...
‘Greece can meet its needs on its own’
Greece will be able to meet its obligations without any new assistance from the International Monetary Fund, Finance Minister Gikas Hardouvelis said on Friday in London, leaving the door ope...
Inside Business
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
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system – whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Results of probe into 20 Lagarde list names due soon
2. Police refute reports of Jihadi training
3. Gov’t drafts plan to secure exit from memorandum
4. Greek commuters have relatively long wait
5. IKA uncovers benefits scam at Kerameikos branch
6. Man dies in well accident
more news
Today
This Week
1. ‘Greece can meet its needs on its own’
2. Record sum of new debts to the state in August
3. Results of probe into 20 Lagarde list names due soon
4. Police refute reports of Jihadi training
5. Gov’t drafts plan to secure exit from memorandum
6. Special guard arrested over extortion, bribery
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. ‘Greece can meet its needs on its own’
6. Democracy under Pressure | Live Streaming
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.