Greek PM Samaras to miss EU summit

in International Business

Greek PM Samaras to miss EU summit

Greece’s new Prime Minister Antonis Samaras will miss this week’s EU summit while he recovers from eye surgery, according to a government spokesman.

He underwent routine surgery on Saturday for a damaged retina, with the operation said to have been a success.

Mr Samaras was sworn in as prime minister only last Wednesday to head a three-party pro-austerity coalition.

The “troika” of rescue lenders have also postponed a planned visit to Athens due to Mr Samaras’ poor health.

Inspectors from the EU, European Central Bank and IMF had been due to review Greece’s progress in meeting bailout conditions on Monday.

The new date for the trip will be determined later in the week.

Under the current bailout deal, Greece has agreed to take 150,000 civil servants off the payroll by 2015.

Other provisions include:

  • reviewing minimum wage cuts and measures to facilitate private-sector layoffs
  • employers and unions to be allowed to set a private sector minimum wage
  • rearranging taxpayers’ arrears for the year so that they do not exceed 25% of income
  • reducing VAT in catering from 23% to 13%
  • extending unemployment benefits

Greece’s new cabinet was announced two days ago.

All three parties have signed a agreement to fully support the coalition, giving it a majority of 29 in parliament.

 



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