05/09/2014 07:29
The major issue in today’s financial press is the race that the government and the parties give in the past few days to secure a majority at the plenary tomorrow on the foreclosures bill.
The “Economy” inset of newspaper “Phileleftheros” refers to the race that the government and the parties give in the past few days to secure a parliamentary majority at the plenary session tomorrow on the foreclosures bill. According to sources, the President of the Republic had contacts with officials in Brussels, including the Commissioner Jyrki Katainen, raising the issue of postponement of the implementation of the legislation by the end of December. The answer is expected today.
Meanwhile, during the extraordinary meeting of the Council of Ministers, chaired by the President of the Republic, they examined the positions of the parties and the troika and they decided to promote the government’s final bills to the Parliament in the form of urgent. The government is expected to submit its own proposals to the Parliament today, as a last-minute effort to secure majority.
Elsewhere the newspaper reports that according to the Companies’ Superintendent’s data, the number of applications for the registration of new companies stood at 722 in August 2014 from 618 in the corresponding month of 2013, recording an increase of 16.8%.
Other headlines:
-Averof: DISY may vote against the bill
-AKEL –EDEK proposal returns enhanced
-Substantive and procedural issues
-Cyprus goes well - Djisselbloem
The newspaper “Politis” refers to the draft laws to be proposed by the MPs to enhance the safety net for the borrowers. In this context, the older proposal of AKEL and EDEK for the primary residence was brought back, which seems to gain ground and he support of DIKO. Its possible approval will throw the ball to the President of the Republic, who will be called to decide wither it will sign it or will refer it.
The “Economy” inset of the newspaper refers to the plenary session on Saturday on the foreclosures bill. According to the report, the issue must be resolved by Monday since all time margins will be exhausted to have a positive proposal of the Eurogroup working group for the disbursement of the next tranche. The compliance with the troika can be confirmed if the law is approved as agreed with the troika, without additional amendments and additional legislations that will cancel foreclosures.
Other headlines:
-Tourism revenues go up
-Nine interested parties for CAIR
-ECB cut rates and will buy covered bonds
-Questions still remain unanswered, FBME says
The “Economy” inset of newspaper ‘Simerini” refers to the efforts on behalf of the government and the parties to address jointly the foreclosures bill. As noted, the statement of DISY President, Averof Neophytou at the joint House Finance and Interior Committees’ session yesterday was unexpected. Mr. Neophytou said that his party will vote only the governmental bill, with the amendments accepted by the troika. In the afternoon the Council of Ministers amended the bill, adding the amendments accepted by the troika. This development eliminates the chances for the bill to pass.
The newspaper also reports that the criminal investigators for the economy are examining the possibility of introducing a common team with the Greek authorities.
Other headlines:
-Salary of €62k for secretary – Illegal appointment in CB, General Auditor says
-Party of millions at the back of the citizens of Paphos
-Draghi prints money
The newspaper “Haravgi” refers to the joint session of the House Finance and Interior Committees for the foreclosures bill. As noted, DISY President, Averof Neophytou stated that his party will not discuss amendments and that it will approve the governmental bill that will incorporate what the troika has accepted.
The “Economy” inset of the newspaper refers to Cystat’s data on tourism revenues in June. According to the figures, tourism revenues recorded an increase of 16.7% or €43.4 million, while for the first six months of the year they increased by €81.1 million.
Other headlines:
-FBME: Questions still remain
-Reappointment in CB institutionally wrong
-Small increase in registration of companies
-Inflation at -0.7%
The newspaper “Alithia” refers to the plenary session tomorrow for the foreclosures bill. According to the report, the predominant scenario is the Parliament to adopt two laws, and the government bill with the votes of DISY, DIKO and probably EVROKO, and the bill of all parties which only DISY will vote against it.
The “Economy” inset of the newspaper reports that Hellenic Bank Chairwoman, Irena Georgiadou said yesterday that the bank does not expect surprises from the European stress tests. Mrs. Georgiadou said that the amounts must be covered by existing or new shareholders.
Other headlines:
-Shacolas companies without outstanding financial pendiments
-Good revenues from tourism
-ECB cut rates to a new historic low
-Inflation at 0.72%
The “Economy” inset of newspaper “Phileleftheros” refers to the race that the government and the parties give in the past few days to secure a parliamentary majority at the plenary session tomorrow on the foreclosures bill. According to sources, the President of the Republic had contacts with officials in Brussels, including the Commissioner Jyrki Katainen, raising the issue of postponement of the implementation of the legislation by the end of December. The answer is expected today.
Meanwhile, during the extraordinary meeting of the Council of Ministers, chaired by the President of the Republic, they examined the positions of the parties and the troika and they decided to promote the government’s final bills to the Parliament in the form of urgent. The government is expected to submit its own proposals to the Parliament today, as a last-minute effort to secure majority.
Elsewhere the newspaper reports that according to the Companies’ Superintendent’s data, the number of applications for the registration of new companies stood at 722 in August 2014 from 618 in the corresponding month of 2013, recording an increase of 16.8%.
Other headlines:
-Averof: DISY may vote against the bill
-AKEL –EDEK proposal returns enhanced
-Substantive and procedural issues
-Cyprus goes well - Djisselbloem
The newspaper “Politis” refers to the draft laws to be proposed by the MPs to enhance the safety net for the borrowers. In this context, the older proposal of AKEL and EDEK for the primary residence was brought back, which seems to gain ground and he support of DIKO. Its possible approval will throw the ball to the President of the Republic, who will be called to decide wither it will sign it or will refer it.
The “Economy” inset of the newspaper refers to the plenary session on Saturday on the foreclosures bill. According to the report, the issue must be resolved by Monday since all time margins will be exhausted to have a positive proposal of the Eurogroup working group for the disbursement of the next tranche. The compliance with the troika can be confirmed if the law is approved as agreed with the troika, without additional amendments and additional legislations that will cancel foreclosures.
Other headlines:
-Tourism revenues go up
-Nine interested parties for CAIR
-ECB cut rates and will buy covered bonds
-Questions still remain unanswered, FBME says
The “Economy” inset of newspaper ‘Simerini” refers to the efforts on behalf of the government and the parties to address jointly the foreclosures bill. As noted, the statement of DISY President, Averof Neophytou at the joint House Finance and Interior Committees’ session yesterday was unexpected. Mr. Neophytou said that his party will vote only the governmental bill, with the amendments accepted by the troika. In the afternoon the Council of Ministers amended the bill, adding the amendments accepted by the troika. This development eliminates the chances for the bill to pass.
The newspaper also reports that the criminal investigators for the economy are examining the possibility of introducing a common team with the Greek authorities.
Other headlines:
-Salary of €62k for secretary – Illegal appointment in CB, General Auditor says
-Party of millions at the back of the citizens of Paphos
-Draghi prints money
The newspaper “Haravgi” refers to the joint session of the House Finance and Interior Committees for the foreclosures bill. As noted, DISY President, Averof Neophytou stated that his party will not discuss amendments and that it will approve the governmental bill that will incorporate what the troika has accepted.
The “Economy” inset of the newspaper refers to Cystat’s data on tourism revenues in June. According to the figures, tourism revenues recorded an increase of 16.7% or €43.4 million, while for the first six months of the year they increased by €81.1 million.
Other headlines:
-FBME: Questions still remain
-Reappointment in CB institutionally wrong
-Small increase in registration of companies
-Inflation at -0.7%
The newspaper “Alithia” refers to the plenary session tomorrow for the foreclosures bill. According to the report, the predominant scenario is the Parliament to adopt two laws, and the government bill with the votes of DISY, DIKO and probably EVROKO, and the bill of all parties which only DISY will vote against it.
The “Economy” inset of the newspaper reports that Hellenic Bank Chairwoman, Irena Georgiadou said yesterday that the bank does not expect surprises from the European stress tests. Mrs. Georgiadou said that the amounts must be covered by existing or new shareholders.
Other headlines:
-Shacolas companies without outstanding financial pendiments
-Good revenues from tourism
-ECB cut rates to a new historic low
-Inflation at 0.72%
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