FinMin: The package must be 'locked' as soon as possible".


MNA--A meeting between Finance Minister Yannis Stournaras and the heads of the EC/ECB/IMF troika ended on Sunday evening, after 2.5 hours, while a senior Finance ministry official stated immediately afterwards that "the troika has expected objections on some measures that they do not fully understand and they want us to specialise them".

Asked if "in the case of specialisation there is the possibility of them being rejected by the troika", he replied "yes" and added that, however, "the package must be 'locked' as soon as possible".

In parallel, another senior economic staff official said that in essence the troika does not accept revenues from tax evasion being registered in the package of measures, pointing out that "we must prove first that we can be effective, through a gradual increase in revenues".amna

The meeting at the Finance ministry began at 4 in the afternoon and the Finance ministry's political leadership turned up with files that contained measures exceeding 17 billion euros so that, after objections by the troika, a "net" result of 11.9 billion euros to result for the 2013-2014 period. Asked whether the amount of the troika's objections is 2 billion euros, the senior ministry official declined to comment.amna

The meeting was attended on the Greek side by Finance Minister Stournaras, Alternate Minister Christos Staikouras, Deputy Minister George Mavraganis and other officials.

According to reports, the Greek side also presented the basic cases of the so-called "macroeconomic scenario", that mainly concerns recession and unemployment that are moving out of control and are linked with the debt's viability report.amna

As regards the package of measures there shall be initial indications in the draft plan of the new budget, that will be publicised by this coming Friday, while Stournaras will present the measures at the Eurogroup meeting in Nicosia on September 14.

Μore on subscriber's page
© ANA-MPA SA. Intellectual rights and copyright are the sole property of the ANA-MPA and are allocated to the Agency's subscribers for specific uses only.
  • 23:40   NOTICE TO SUBSCRIBERS: 48-hour strike of ANA-MPA on Friday, Saturday
  • 23:17   No public transport in Athens on Friday and Saturday due to general strike
  • 22:56   Thirty Greek airspace violations by Turkish military aircraft recorded on Thursday
  • 22:25   Paul Mason talks to ANA-MPA about 'PostCapitalism', expresses optimism that deal with creditors will happen
  • 21:55   Government plans to vote new bill on growth by end of May, says investment official
  • 21:27   Roadblocks Committee urges farmers to join protest rally against omnibus bill on Saturday
  • 21:05   Foreign ministry welcomes restoring of ceasefire agreement in Syria
  • 21:01   President Pavlopoulos discusses migration with head of MPI Europe
  • 20:58   Trade unions announce general strikes from Friday against planned pension and tax reforms (ADDS)
  • 20:57   Parliament to discuss and vote on pension-taxation reforms over weekend (ADDS)
  • 20:52   About 80 refugees protest against closed borders at Greece-FYROM buffer zone (ADDS)
  • 20:32   Social security and tax reform bills secure pensions, protects the weak, say gov’t sources
  • 20:10   Retail stores to remain closed on May 8, unions say
  • 19:54   Journalists to join general 48-hour strike on Friday and Saturday
  • 19:22   PM Alexis Tsipras to address meeting of SYRIZA lawmakers on Friday
  • 19:08   Nearly 1,700 returned to native countries from Greece in April, police report
  • 18:34   ADEX closing report‏
  • 18:33   Greek bond market closing report‏
  • 18:31   Greek stocks end strongly higher‏
  • 18:11   Idomeni camp will be dismantled, Migration Minister Mouzalas tells ANA-MPA
  • 18:11   Merkel says will do all she can to avoid border closures
  • 17:03   Government VP says rail freight services in Idomeni to be restored soon
  • 16:55   Trade unions announce general strikes from Friday against planned pension and tax reforms
  • 16:11   Parliament to discuss and vote on pension-taxation reforms over weekend
  • 16:02   Turkey must resolve its problems via diplomatic avenues, Dep. FM Mardas says
  • 15:50   Weekend vote on pension-taxation bill 'undisguised authoritarianism' says KKE's Koutsoumbas
  • 14:46   Draft law on pension and tax reforms to be voted on Sunday, sources say
  • 14:38   About 80 refugees protest against closed borders at Greece-FYROM buffer zone
  • 13:44   New Democracy will not vote for the measures submitted to Parliament, its spokesman says
  • 13:06   Papastratos unveils new production line
  • 13:04   Pension reforms are based on the principles of fairness and justice, Labour Min Katrougalos says
  • 12:46   Greek economic sentiment index unchanged in April
  • 12:42   53,900 refugees and migrants in Greece on Thursday
  • 12:25   The government insists on July agreement, State Min Pappas says
  • 11:38   ECB lowers borrowing ceiling for Greek banks by 300 mln eurps
  • 11:27   Athens Stock Exchange opening: Rise
  • 10:53   Athens Newspapers Headlines
  • 10:16   Greek public debt sustainability to be discussed at Eurogroup
  • 23:21   ND leader praises work for Opera House, library at Stavros Niarchos Foundation Cultural Center
  • 23:03   Dublin system doesn't work because frontline member-states have been left alone, says Timmermans
  • 22:39   Commission proposes 6-month extension of border controls within Schengen
  • 22:22   Commissioner Avramopoulos says new asylum system to be 'fairer, more efficient and sustainable'
  • 22:08   Government insists on its favourite 'recipe' for the economy - taxes', says PASOK
  • 21:16   Tribute to prominent Turkish photographer Ara Güler at Benaki Museum
  • 20:29   Removal of half-sunken Greek ferry halted as new company expected to continue after tender
  • 20:16   Israeli innovation policy chief due in Athens on Thursday to discuss cooperation
  • 19:50   Traffic diverted off Athens-Corinth national highway due to accident at Kinetta
  • 19:28   Journalists to join strike action against pension reform bill, POESY decides
  • 19:18   TAP selects JV of Greece’s Terna, Italy’s Renco to build compressor stations
  • 18:48   Prinos oil production up to 4,000 barrels a day, Energean says
  • 18:36   Greek bond market closing report‏
  • 18:34   ADEX closing report
  • 18:11   Greek stocks gain 1.1 pct on Wednesday
  • 17:57   Monday’s Eurogroup to discuss Greek debt sustainability, according to its agenda
  • 17:47   Bailouts kept Greek state and financial system afloat, German finance ministry replies to 'Handelsblatt' report
  • 17:37   There's activity in Greek negotiations, but review not complete, says German finance ministry
  • 17:04   Greenpeace urges Greek lawmakers to take stand against TTIP and CETA agreements
  • 16:27   Greece raises 1.138 bln euros in T-bill auction
  • 15:58   Cyber-attack on Bank of Greece dealt with "promptly", BoG source says
  • 15:30   Internal border controls for 5 EU countries must be extended, Avramopoulos says
  • 14:39   Weather Forecast: Clouds and chance of rain on Thursday
  • 14:30   EU Commission proposes revision of Dublin Regulation
  • 13:36   Hellenic Capital Market Commission signs cooperation agreement with Iran's Securities and Exchange Organization
  • 13:27   Government council chaired by PM Tsipras held on Wednesday
  • 13:14   Parliament Vice President Kourakis rules out the possibility of early elections
  • 13:06   Light quake jolts Karpenisi
  • 12:50   All eyes turned to Euro Working Group teleconference meeting on Wednesday
  • 12:23   53,731 migrants and refugees in Greece on Wednesday
  • 12:17   Greek PMI up in April 2016
  • 12:11   A total of 2,135 refugees and migrants hosted at Piraeus port
  • 11:58   OTE reports 33.9 mln euro net income in H1
  • 11:43   Contingent measures are impossible for typical and substantive reasons, Alternate Defence Min Vitsas says
  • 11:29   Athens Stock Exchange opening: Rise
  • 10:11   Athens Newspapers Headlines
  • 09:53   Eurostat's economic figures constitute a strong weapon in the negotiations, gov't officials say
  • 17:04   European Commission's spring report vindicates the Greek government, says gov't spokeswoman Gerovassili
  • 15:40   Mid-season sales start on Wednesday
  • 15:28   Weather Forecast: Clouds and rain on Wednesday
  • 15:17   54,042 identified migrants and refugees in Greece on Tuesday
  • 15:10   Commissioner Moscovici appears cautiously optimistic over agreement at Eurogroup meeting
  • 14:39   Greece to return to growth in H2 2016, Commission report says
  • 14:16   PM Tsipras to have series of meetings on Wedsnesday
  • 18:14   Greece has still to deal with some insufficiencies at its external borders, says EC spokesperson Andreeva
  • 17:00   Refugees and migrants arrivals on Greek island at low levels
  • 16:42   Mycenaean period tombs in Kiveri
  • 16:19   PM Tsipras: Bad times are behind; we are entering a new era
  • 15:31   54,142 identified migrants and refugees in Greece on Monday
  • 14:18   Turkish military aircraft violated Athens FIR on Friday
  • 14:11   Wishes have value when they are accompanied by actions, says ND leader Mitsotakis
  • 14:07   PM Tsipras to visit frigate Adrias on Easter Sunday
  • 13:17   49 refugees rescued off Samos island on Saturday
  • 13:07   No metro and electric train in Athens on Sunday (Easter)
  • 22:04   No additional package of measures will be asked, according to European officials
  • 21:41   Greece is close to a deal with its lenders, says central banker
  • 21:30   Nine-year-old refugee boy injured by motorcycle in Piraeus port
  • 21:23   ANA-MPA wishes its subscribers a happy Easter holiday
  • 20:38   Government’s policies are 'sinking the economy', says ND spokesman
  • 19:45   Greece needs debt relief and must continue reforms, says U.S. ambassador to Greece
  • 19:41   Turkish planes carried out 29 violations of Greek air space on Thursday
  • 19:25   Greece can legislate for contingency 'mechanism' rather than detailed measures, Moscovici says
business wire