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Posted on: April 30th, 2013 by Julie jalloul No Comments

Greek PM hails vote on multi-bill; Tranche approved

Samaras-Venizelos - ND Flickr

photo: ND flickr

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Prime Minister Antonis Samaras, following a tense week of infighting between ministers, hailed the vote on the multi-bill, saying that it proved his government was “more unified than ever” despite opposition claims of widening rifts within the Cabinet, Kathimerini writes.

Government sources told the paper that the Premier would likely put back an anticipated cabinet reshuffle until after June 28-30, when conservative New Democracy is to hold a congress, or even later.

The Premier currently has more pressing concerns, chiefly overseeing the implementation of reforms voted into law including the politically sensitive process of merging and abolishing state organizations, as well as speeding up the privatization programme.

The Euro Working Group approved the disbursement of EUR 2.8 billion tranche of March. On May 13, the Eurogroup will meet to approve the EUR 4.2 billion tranche of the first quarter of 2013, while in late May Greece expects the IMF Executive Board approval to disburse another EUR 1.8 billion.

On May 20, Greece will have to repay bonds of EUR 5.6 billion held by ECB, which is expected to occur smoothly as the disbursement of EUR 4.2 billion from EFSF will provide the bulk of this issuing.

Finance ministry in an announcement said Euro Working Group meeting approved a EUR 2.8 billion tranche and paved the way for the EUR 6 billion of the tranche expected to be approved by Eurogroup on May 13.

“There was a positive appraisal of the implementation of the Greek program and clear references to the government’s determination to proceed with reforms.”

Meanwhile, GSEE, the confederation of Greek workers, has announced a 24-hour strike to take place on the 1st of May.

The strike is in response to the government’s decision to move the holiday to the 7th of May. A number of individual unions and federations have already announced similar plans, such as PAME.

Athens Metro employees union has announced a walkout from the beginning of their shift until 9am. In their announcement they explain that “May the 1st is a strike, not a holiday”, while adding that “we operate for the striking workers, so that they can easily travel and participate in demonstrations, marches and protests.

Also, Panhellenic maritime worker federation PNO has announced a 24-hour strike of all crews, of all ship categories, which will begin midnight.



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