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Athens Macedonian News Agency: News in English, 12-10-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Negotiations with Troika enter final stretch

  • [01] Negotiations with Troika enter final stretch

    AMNA/ The Greek government's negotiations with the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'Troika' of Greece's international lenders on a new 13.5 billion euro austerity package over the next two years (2013-2014) have apparently entered the final stretch, as a new round of deliberations with the government's economic staff began on Sunday afternoon.

    The Troika heads were meeting with labor minister Yannis Vroutsis and deputy minister Nikos Panagiotopoulos on Sunday afternoon at the finance ministry.

    This would be followed by Troika meetings with finance minister Yannis Stournaras and administrative reform minister Antonis Manitakis, respectively.

    In marathon meetings on Saturday, the Troika reintroduced the 'hot potato' of labor relations on the table once again, with the Troika demanding the full liberalization of the labor market, as well as layoffs in the wider public sector and the retroactive abolition of tax exemptions as of this year, instead of in 2013, in order to shore up a shortfall of 1 billion euros in the National Organisation for Healthcare Service Providers (EOPYY, the new unified primary healthcare organisation).

    Athens News Agency: News in English Directory - Previous Article - Next Article
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