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Eurogroup on Greek issue likely to be held next week

A Eurogroup meeting to discuss exclusively the Greek issue is likely to be held via teleconference next Wednesday,  should agreement is achieved on Monday’s Euro Working Group, according to a Finance ministry high ranking official. 

The same source said that Thursday evening’s Euro Working Group would be adjourned for Monday, allowing time for an agreement between the coalition government’s three party leaders on a number of outstanding fiscal and labour market issues, part of the requirements for a rescue package.

In a related development, Finance Minister Yannis Stournaras had a meeting Thursday evening with officials from the PASOK party, which participates in the Antonis Samaras coalition government, for a discussion on latest developments with regard to the package of measures required to be agreed upon by Athens before its international lenders unlock a loan tranche of 31,5 billion euros.  

On labour reforms, PASOK wants the National Collective Labour Agreement to be extendible also to non-signatory employers. This, is interpreted into safeguarding marriage and long-service allowances for employees whose employers have not signed the Collective Labour Agreement.

With regard to pension cuts demanded by the EC/ECB/IMF troika, PASOK officials proposed that such cuts be applied to pensions of over 486 euros per month, gradually increasing from 6% up to 14%, while retaining Christmas and Easter bonuses to pensioners.


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