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Tag Archives: austerity package

Greece Will Levy Ship Owners; Golden Dawn Supported Tax Exemption

The additional austerity package adopted by the Greek Parliament on Wednesday includes a provision that will force ship owners, long accused of enjoying lavish fiscal privileges, to pony up at least 140 million euros. The provision initially called for a “voluntary” contribution to the state coffers, but Finance Minister Yannis Stournaras withdrew …

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Austerity Bill Pass with 153 Votes – ND, PASOK Expel 7 MPs

With 153 “Yes” votes the austerity package bill was adopted by the Greek Parliament on Wednesday night. The voting brought some casualties for Samaras coalition government as the bill received even less votes than originally thought. MPs from junior coalition partner Democratic Left voted “present”, following the party line except,  2 MPs who …

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Scandal! FinMin Withdraws Provisions After Parliament Staff Went on Strike, While Greek MPs Debate Austerity Package

Unprecedented! Finance Minister Yiannis Stournaras withdrew the provision after the Parliament staff went on strike. Stournaras told the plenary that he withdraw the provision but that he will bring it up again on a later point as the strike threatened to boycott the austerity bill voting procedure. MPs reacted shouting …

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Greece’s Supreme Court: Wages Cuts for Judges & Prosecutors Against Constitution

While the Greek Parliament claims the austerity measures are compatible with the Constitution, the country’s Supreme Administrative Court decided they were ‘unconstitutional’ – at least some of them. The pleanary of Supreme Court (Areios Pagos) unanimously  ruled that the new cuts in judges’ and prosecutors’ wages were against the Greek Constitution. Under …

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Parliamentary Committee Aproves Austerity Package

With votes from Nea Dimokratia and PASOK the austerity package has been approved by the parliamentary committee on Tuesday evening. Junior coalition government partner Democratic Left voted “present”, while SYRIZA, Independent Greeks, Golden Dawn and KKE voted against it. The debate on the austerity package of 13.5 billion euro will …

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Greece-Troika: Dramatic Negotiations over Labour “Reforms” That Threaten Gov’ Cohesion

 Samaras’ government is in dramatic negotiations with the Troika over the so-called “Labour Reforms” after two of the three coalition government partners rejected the Troika demands for a total overthrow of Labour Rights. A disagreement that threatens the cohesion among the government partners. According to latest information from state broadcaster NET TV, …

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Samaras Gov’t Rumors on Reshuffle & MPs To Down Vote Austerity Package

Never ending Troika demands and reluctance by some ministers to meet them, time pushing for the release of the 31-billion -euro bailout tranche,  a growing number of coalition government partners MPs sending messages that they will down-vote the austerity package,  a society on the streets, several professional groups on strike, …

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Greek Coalition Leaders Reached Basic Agreement on €11.5 Billion Package

After three hours of consultations, the three political leaders of Greece coalition government managed to reach a basic agreement on the 11-billion-euro cuts-package and the additional 3-billion-euro tax tsunami. Short after the meeting, Finance Minister Yannis Stournaras told the media, that the heads of the three coalition government parties had reached a “basic …

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Greek Coalition Leaders Meet to Finalize New Austerity Package

Greek coalition government partners Antonis Samaras, Evangelos Venizelos and Fotis Kouvelis meet on Thursday morning to finalize the austerity package of 11.5+2 billion euro for the years 2013-2014. While the three leaders have agreed on main cuts there are some measures that meet the objection of Venizelos (PASOK) and Kouvelis (Democratic Left), …

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Greece’s Creditors Dispute on Greek Bailout, While Germans Speak of Fresh Debt Restructuring

Greece’s economy, debts, loans and inability to take the problems under control spark fierce discussions not only among the locals like taxpayers and tax-evaders, unionists and unemployed, employees and pensioners, representatives of political parties. Equally involved in the dispute are the country’s international and European creditors, taxpayers around Europe and economists. However …

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