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Athens Macedonian News Agency: News in English, 16-12-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Eurogroup, ESM put on hold implementation of short-term measures for Greek debt relief
  • [02] Piraeus Bank board meeting interrupted by SSM letter

  • [01] Eurogroup, ESM put on hold implementation of short-term measures for Greek debt relief

    BRUSSELS (ANA/C. Vasilaki) - The Eurogroup announced on Wednesday it is freezing the implementation of the short-term measures on Greek debt agreed in its last meeting, saying recent actions of the Greek government to distribute a one-off benefit to low-income pensioners and the suspension of a VAT rise on some islands are not in line with the deal signed with Greece.

    "The institutions have concluded that the actions of the Greek government appear to not be in line with our agreements. Some member-states see it this way also and thus [there is] no unanimity now for implementing the short-term debt measures," Michel Reijns, spokesman of the Eurogroup President Jeroen Dijsselbloem.

    "We await a full report of the institutions in January," he added.

    ESM/EFSF put on hold debt relief measures for Greece

    BRUSSELS (ANA/M. Aroni) - The European Stability Mechanism (ESM) and the European Financial Stabilisation Mechanism (EFSF) said they are putting on hold the implementation of a short-term debt relief deal for Greece on Wednesday after the Greek government announced a one-off benefit for pensioners and the suspension of a VAT rise for the islands.

    "Following recent proposals by the Greek government to spend additional fiscal resources for pensions and VAT our governing bodies have put their decisions temporarily on hold," a spokesman for the ESM said.

    "Institutions are currently assessing the impact of Greek government decisions vis a vis the ESM program commitments and targets. The directors and governors of EFSF and ESM will then analyze the institutions' assessment and subsequently decide how to proceed," he said.

    [02] Piraeus Bank board meeting interrupted by SSM letter

    A Piraeus Bank's board meeting which was discussing the selection of a new CEO was interrupted on Wednesday after the Single Supervisory Mechanism (SSM) requested the postponement of the decision.

    According to sources, SSM said in a letter to the board that the two candidates must first be reviewed and then the board can decide. It is not known if the meeting will resume this evening.

    The board has short-listed Christos Papadopoulos and Anthimos Thomopoulos for the position of CEO.


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