From the people to the politicians, anger is brewing over the lifting of the ban but the banks (already mired in 27 default rates) are behind the decision to help recapitalize themselves (and are.
Should the reforms be adopted, experts believe they could give a boost to the Greek economy of at least 5 billion euros.
Only toward the end of his speech did the prime minister address the "major structural reforms" agreed upon ladispoli donna cerca uomo with the troika, calling them a way to "provide growth impetus to the economy to improve competitiveness and reduce prices he said.In plain English: According to Samaras, Greece is currently taking in more money than it's spending, if interest is not included in the calculations.Greeks are in open revolt against tax collectors, the uproar over Troika's current demands to lift a ban prohibiting banks from confiscating homes is growing.The government is considering a partial lift on the ban, said Deputy Minister of Growth Thanasis Skordas, who suggested that allowing the auctioning of primary residences based on social criteria, in order to protect vulnerable groups, would be allowed.From the people to the politicians, anger is brewing over the lifting of the ban but the banks (already mired in 27 default rates) are behind the decision to help recapitalize themselves (and are refusing to restructure loans)."But I believe that we were able to achieve many of our goals." Discrepancies existed until only recently, particularly in much-needed structural and administrative reforms, as well as the liberalization of the labor market.With banks suffering a more than 27 percent default rate on loans because austerity measures have left many Greeks unable to pay, they are also demanding they be allowed to repossess homes to help them recapitalize their coffers.
Samaras added that such reforms had already been carried out by other European countries many years ago, and that now it was Greece's turn.
According to Samaras, the promised financial assistance would especially benefit the poor and homeless, but also "the uniformed men who earn less than 1,500 euros a month." This last comment was apparently a reference to the police officers and professional soldiers who belong to the.
On these last stipulations, Prime Minister Antonis Samaras was reluctant to reveal any details.
However, given that Greece has already used 75 of its bank bailout fund and that repossessing and auctioning homes (potentially based on 'social criteria could cut home prices 12.
However, Samaras should not expect his policy to be greeted without resistance from his own coalition government.
Consumer union ekpoizo also demanded that the ban be extended for a further three years and requested the development of a network to deal with bad loans.
Financial help in exchange for structural reforms.He explained that a total of one million people would immediately benefit from the financial support, to the tune of 500 million euros.While 65 youth unemployment is a large and scary enough data point, and.Austerity cuts have hit many hard.Not exactly going to help bank balance sheets ; and it would seem, greece will need more caves.We promised to leave the recession behind us, and we are just about to fulfill that promise.Following months of drawn-out negotiations, the Greek government on Tuesday secured the next installment of the country's massive bailout from the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF known as the troika of Greek lenders.For example: In a public appearance on Tuesday, Nikitas Kaklamanis, a conservative member of parliament and the former mayor of Athens, indicated that he was against the liberalization of the book market - not only for economic reasons but also out of a sense.It was estimated that a revision on the bank would result in my residences with a high objective value to be take by bank but result in a drop in value between 12 and.( full story ).The prime minister also announced a reduction of social security contributions from July 2014, a move intended to give a boost to the labor market.The conservative leader was particularly pleased that - just in time for the European election in May - he was able to come to the financial aid of society's most vulnerable.The sum is urgently needed in Greece, as the government needs to repay billions in maturing government bonds at the end of May.With Tuesday's agreement, the way should now be clear for the payment of loans amounting to some.1 billion euros (14 billion).