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Greece-Troika Negotiations Start From Scratch
The Greek government launches a new round of negotiations with the troika focusing on privatizations and 2011 measures.
The several billion deficits must be covered by additional measures and bold structural reforms, after the Eurogroup meeting, which showed that the new load and even the fifth instalment are not certain.
Political opposition will enter negotiations, as European member states asked for political consensus as a prerequisite for the agreement. It remains unclear when the decisions will be finalized but the procedure has already been announced.
During a long meeting on Tuesday, Finance Ministry officials have analyzed the points of dissent in order to begin a new round of talks with the troika:
-Privatization: International lenders required massive sales of state-owned listed companies and the publications of real estate assets for development. The plan, which will be announced to troika on Friday, includes a full schedule of movements and decisions within the next two month, aiming the raising of a large part of €15b in 2011-2012.
The country’s legal obligations should also be finalized, with the government seeking legal adviser in Great Britain.
-€26b package: Several measures planned for 2012-2013 are now attached in 2011 program in order to cover the gap of €6b. Arbitrary regulation, new objective values and heating oil taxation will not be sufficient. Tougher and permanent interventions are launched regarding payroll and social benefits. Approximately 150,000 civil servants will be sacked, insurance system will be revised, while announcements regarding the shutdowns of public enterprises and institutions are expected soon.
-Bold structural reforms: The government seeks for clear solutions, proving that passed laws are carried out.
-Expenditure restraint and fighting against tax and contribution evasion: The troika asks for solid interventions, which would suggest that anyone –especially a celebrity- stealing state money would be sent to prison.
(capital.gr)
***
L'avanzamento della discussione.
The Greek government launches a new round of negotiations with the troika focusing on privatizations and 2011 measures.
The several billion deficits must be covered by additional measures and bold structural reforms, after the Eurogroup meeting, which showed that the new load and even the fifth instalment are not certain.
Political opposition will enter negotiations, as European member states asked for political consensus as a prerequisite for the agreement. It remains unclear when the decisions will be finalized but the procedure has already been announced.
During a long meeting on Tuesday, Finance Ministry officials have analyzed the points of dissent in order to begin a new round of talks with the troika:
-Privatization: International lenders required massive sales of state-owned listed companies and the publications of real estate assets for development. The plan, which will be announced to troika on Friday, includes a full schedule of movements and decisions within the next two month, aiming the raising of a large part of €15b in 2011-2012.
The country’s legal obligations should also be finalized, with the government seeking legal adviser in Great Britain.
-€26b package: Several measures planned for 2012-2013 are now attached in 2011 program in order to cover the gap of €6b. Arbitrary regulation, new objective values and heating oil taxation will not be sufficient. Tougher and permanent interventions are launched regarding payroll and social benefits. Approximately 150,000 civil servants will be sacked, insurance system will be revised, while announcements regarding the shutdowns of public enterprises and institutions are expected soon.
-Bold structural reforms: The government seeks for clear solutions, proving that passed laws are carried out.
-Expenditure restraint and fighting against tax and contribution evasion: The troika asks for solid interventions, which would suggest that anyone –especially a celebrity- stealing state money would be sent to prison.
(capital.gr)
***
L'avanzamento della discussione.