Keep $NBG on watch @1.32, Greece upbeat on striking deal with lenders
Posted on » Sunday, May 31, 2015
ATHENS: Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity programme to make that happen, the country's interior minister said yesterday.
Greece and its EU/IMF creditors have been locked in talks for months on a cash-for-reforms deal and pressure is growing for a deal, since Athens risks default without aid from a bailout programme that expires on June 30.
'We believe that we can and we must have a solution and a deal within the week,' Interior Minister Nikos Voutsis, who is not involved in Greece's talks with the lenders, said.
'Some parts of our programme could be pushed back by six months or maybe by a year, so that there is some balance.'
He did not elaborate on what parts of the ruling Syriza party's anti-austerity programme could be pushed back, but the comments suggested a greater willingness to compromise on pre-election pledges.
Prime Minister Alexis Tsipras stormed to power in January on promises to cancel austerity, including restoring the minimum wage level and collective bargaining rights.
The government earlier this week said it hoped for a deal by today, though international lenders have been less optimistic, citing Greece's resistance to labour and pension reforms that are conditions for more aid.
Voutsis said Athens and its partners agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still disagreed on a sales tax, with Greece pushing so any VAT increases will not burden lower incomes.
Posted on » Sunday, May 31, 2015
ATHENS: Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity programme to make that happen, the country's interior minister said yesterday.
Greece and its EU/IMF creditors have been locked in talks for months on a cash-for-reforms deal and pressure is growing for a deal, since Athens risks default without aid from a bailout programme that expires on June 30.
'We believe that we can and we must have a solution and a deal within the week,' Interior Minister Nikos Voutsis, who is not involved in Greece's talks with the lenders, said.
'Some parts of our programme could be pushed back by six months or maybe by a year, so that there is some balance.'
He did not elaborate on what parts of the ruling Syriza party's anti-austerity programme could be pushed back, but the comments suggested a greater willingness to compromise on pre-election pledges.
Prime Minister Alexis Tsipras stormed to power in January on promises to cancel austerity, including restoring the minimum wage level and collective bargaining rights.
The government earlier this week said it hoped for a deal by today, though international lenders have been less optimistic, citing Greece's resistance to labour and pension reforms that are conditions for more aid.
Voutsis said Athens and its partners agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still disagreed on a sales tax, with Greece pushing so any VAT increases will not burden lower incomes.
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NASDAQ DIP and RIP
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Intuitive;
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
