Latest News from Greece
Prime Minister Antonis Samaras intends to herald a raft of tax relief measures during his speech at the Thessaloniki International Fair (TIF) on Saturday morning despite the fact that troika representatives meeting with government officials in Paris had not given their approval for such concessions by late on Thursday night, Kathimerini understands.
By Dimitra Manifava
Greece climbed 10 spots this year in the World Economic Forums competitiveness chart, which was published on Wednesday. However, the country remains constrained by corruption in public administration, a lack of transparency and the inefficiency of the state, according to the Global Competitiveness Report.
Government officials spent a second day in talks with troika representatives in Paris on Wednesday, with sources indicating that Greeces foreign creditors were pressing for changes to make it harder for labor unions to call strike action and for the introduction of legislation facilitating mass layoffs in the private sector.
Semantics are crucial in the functioning of the European Union. I learned this in one of the EU summits in the mid-1990s, which were a source of tension between Greece and Turkey at the time.