Troika wants commitment for layoffs
05.04.2013
22:10
The three obstacles for the disbursement of the next installment by troika are the requirement toward the Greek government to commit for a number of layoffs of public employees, the covering about 200 million euros from the application of the new property hike for and guarantees in order to given the OK to proceed with the merger deal between the National Bank and Eurobank.
The three obstacles for the disbursement of the next installment by troika are the requirement toward the Greek government to commit for a number of layoffs of public employees, the covering about 200 million euros from the application of the new property hike for and guarantees in order to given the OK to proceed with the merger deal between the National Bank and Eurobank.
Will there be a solution to this dead-end?, journalists asked Finance minister Stournaras after his meeting with Samaras. "This is what we are working for. We discussed all the issues and the outstanding matters we had with troika," he replied.
Why are there delays in the disbursement of the tranche?, was the next question. "Because there are still outstanding issues that have not been closed," Stournaras answered.
"There is a problem in the public sector. Troika wants a specific number of compulsory redundancies. They are not satisfied by those numbers sent by the Administrative Reform ministry," a government source said.
Regarding the issue of the National Bank - Eurobank merger, lenders want to be convinced that the resulting synergies will perform without them having to put more money to the recapitalization of banks. Asked if there is a possibility of the lenders blocking the merger, a government official said, "they cannot veto but they are the ones putting the money."
The third problem that will have to be resolved is that of the new tax on real estate that will be implemented by EETIDE as troika appears unconvinced by the alternative solution suggested by Samaras, Kouvelis and Venizelos, and focuses on a 200 million euro gap it estimates will be created, requiring credible proposals to cover the deficit.
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