Tagged: Government

After Eurogroup upset, government looks for way forward

The government is mulling the way forward after Thursday’s Eurogroup, which piled more pressure on Athens to legislate measures now for the period after 2018, when the country’s third bailout ends. And to make matters worse for the government, it is not just the International Monetary Fund that is demanding these measures, but all creditors […]

No agreement reached between Greek government and institutions

The latest talks between the Greek government and the representatives of the institutions on the second bailout review, which concluded at 5:30am on Tuesday, did not result in an agreement between the two sides. As the representatives leave Athens, to continue talks via teleconference, a series of critical issues remain unresolved. Greek officials commented that […]

Government aims to reach political agreement by 5 December Eurogroup

The talks between the Greek government and the institutions continued over the weekend, in an effort to reach an agreement by the Eurogroup scheduled for 5 December. The Greek side has been presented with draft agreements by the institutions on labor, social insurance and further tax reforms. According to these drafts, aside from the 6.1 […]

Government to legally equate civil partnership with marriage

A bill was recently submitted in Parliament which provides penalties such as hefty fines and imprisonment for discrimination on gender, origin, religious beliefs, disabilities, sexual orientation, etc. Crucially though the bill legally equates civil partnerships (of both same-sex and heterosexual couples) with marriage, recognizing equal rights in the workplace and beyond. This bill paves the […]

Government seeking to reduce ENFIA tax for vulnerable social groups

The Ministry of Finance is planning a series of changes to the controversial ENFIA real estate tax for 2017, in order to relieve the burden for vulnerable social groups. With public revenue on the rise, the government is hopeful that it will have the opportunity to carry out the changes. Among the scenarios being considered […]

Crucial week looms for government and SYRIZA

The government faces a challenging week, beginning on Monday when eurozone officials are to decide whether to unlock 2.8 billion euros in loans to Athens and culminating with SYRIZA’s four-day party conference starting on Thursday. Finance Minister Euclid Tsakalotos is to face his eurozone counterparts in Luxembourg for an assessment of Greece’s progress in implementing […]

PM mounts effort to turn tide against gov’t in bid for debt relief and QE inclusion

The government’s mistakes in the first half of 2015 have undermined its credibility, while the repeated delays of the country’s bailout reviews have created an environment which is anything but investment-friendly.lyhellas. Moreover, its failure, so far, to secure debt relief, a key Greek demand, and the country’s non-inclusion in the European Central Bank’s quantitative easing […]

Negotiations between government and institutions continue

The talks between the Greek government and it creditors and partners are going along slowly, with a senior player in the economy describing the process so far as “two steps forward and three steps back”. Nevertheless there is optimism regarding the management of non-performing loans and appointment of bank managements, however progress has not been […]

Government racing to complete prior actions within September

The Prime Minister Alexis Tsipras is expected to instruct his ministers to complete a series of unresolved prior actions within September, at a Tuesday morning “mini” ministerial council meeting. At stake is the next tranche of financial aid, worth 2.8 billion euros, which will be an invaluable cash injection to the domestic market. Collection of […]

Government and opposition clash over television license tender

Following the marathon auction of the four television broadcasting licenses, State Minister Nikos Pappas was the first to express his satisfaction with the outcome. The President of Parliament Nikos Voutsis commented that completing the tender was a ‘vindication’ for everyone who fought the political battle to bring lawfulness to the television landscape, while generating revenue […]

Greek PM Says EU ‘sleepwalking toward cliff’

The government is in a race against time to convince a demoralized electorate that its policies will bear fruit soon and that the Greek economy is on its way to recovery, as its grace period is running out with further tax hikes and spending cuts looming. According to senior aides, the government believes that its […]

Government rushing to complete prior actions for €2.8bn tranche

The coalition government is racing against time in order to implement a series of prior actions, in order to collect the next 2.8-billion-euro tranche. The aim is to complete and make arrangements for the majority of actions before the Eurogroup scheduled for 9 September. As pointed out in a Naftemporiki newspaper report, this will not […]

Government concerned over possible escalation of the refugee crisis

The recent sharp increase of refugee arrivals on the Greek islands in the north Aegean is causing concern among the Greek government, given the recent tension between the European Union and Turkey. Reports suggest that Prime Minister Alexis Tsipras has cancelled his vacation in order to being talks over the next couple days, to evaluate […]

Government considers readjusting the EKAS pension benefit

The recent reductions in the EKAS pension benefit, which is gradually being phased out, caused major reactions and frustration among pensioners. According to a report in the Ethnos newspaper, the government is considering readjusting the benefit by reducing the sums paid out and increasing the number of pensioners who qualify for it.

Fiscal targets a priority for government

The Finance Ministry is preparing a study it plans to show Greece’s lenders when representatives return to Athens in September for the start of the next bailout review that proves Greek fiscal targets can be lowered without it leading to any extra costs for eurozone member states. Dailyhellas understands that the report, which officials hope […]

Coalition government seeking allies for electoral law reform

In an effort to secure the 200 votes necessary so that the new electoral law applies to the next elections, the government has carried out a series of legislative improvements to the bill. Specifically the second article in the bill has been broken up into tow sections, one of which relates to the abolition of […]

With first review almost in the bag, gov’t eyes next reforms

With just a few prior actions to legislate before the country’s creditors can give the green light for much-needed rescue loans, the government is now turning its attention to a new set of measures it must implement for the second bailout review in the fall. Greece’s creditors are expected to approve the release of 7.5 […]

Government lifts 4-year freeze on promotions

The leftist-led government has lifted a four-year freeze on promotions in the state sector after introducing legislation severing connection to pay hikes. Deputy Minister for Administrative Reform Christoforos Vernardakis has issued a circular to all public sector departments detailing the procedures that each must follow in deciding promotions by April. The revised rankings will be […]