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Tuesday, 26 November 2024
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Athens Macedonian News Agency: News in English, 14-07-15Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Troika to have back-to-back meetings at Finance Ministry on Tues.ANA/MPA---The troika review team has arranged back-to-back meetings with Greek officials and cabinet ministers at the finance ministry on Tuesday, speeding up the talks with the Greek government ahead of its scheduled departure on Thursday.They will start off by meeting the national coordinator for the fight against corruption Ioannis Tentes at 11:00, before participating in a council on private debt at noon. Participating in this on the Greek side will be the ministers of finance, development, labour and justice, as well as representatives of the Bank of Greece and the Hellenic Bank Association. There will follow meetings with Interior Minister Argyris Dinopoulos at 14:00, Infrastructure, Transport and Networks Minister Mihalis Chrysohoidis at 15:00 and Labour and Social Insurance Minister Yiannis Vroutsis at 16:00. There may also be a meeting at 18:00 with Rural Development Minister George Karamanis, while teams representing the troika of lenders will also visit the independent statistical authority ELSTAT. [02] Dev't minister: Bankruptcy law reform the basis of current bad-loan deliberationsANA/MPA---The conditions are now ripe to discuss the significant problem of bad and non-performing loans, so as to create a carefully timed parallel process which will ultimately set free those entrepreneurial forces which are today trapped, said Development Minister Nikos Dendias on Monday speaking at a board meeting of the Athens Chamber of Commerce and Industry.According to Dendias, the bankruptcy law reform forms the basis of the deliberations concerning bad and non-perfoming loans. He stressed the need for a new growth model in order to surpass the crisis, which would involve a specific roadmap to success, the reduction of social insurance contributions, energy cost cuts, tax reliefs and a broadening of the tax base, as well as a change in bankruptcy law such that the businesspeople will no longer be trapped. The minister described the targets of his ministry as "attracting [investment] funds and releasing captive venture capital", as well as cutting the costs of Greek exporters by 50% and promoting further investments in infrastructure. As regards the Sunday operation of commercial shops in certain, pre-defined areas of Greece, Dendias commented that no violent reactions to this novel measure will be tolerated, while its effectiveness will be assessed in the forthcoming months. Athens News Agency: News in English Directory - Previous Article - Next Article |
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