January 17, 2018
Latest News
European Union

PM Tsipras to share $1.6 billion welfare handout among Greek pensioners, poor

Athens, Nov 14 (efe-epa).- Greek opposition parties and media reacted on Tuesday after the prime minister announced on Greek television he would share 1.4 billion euros ($1.64 billion) from the 2017 fiscal surplus among pensioners and low-wage earners.

Alexis Tsipras announced, late Monday that 720 million euros would be distributed among 3.4 million Greeks earning less than 9,000 euros annually, or 18,000 euros in the case of family households.

“For a second year, we are in a position to distribute a social dividend to the people who need it the most," Tsipras said in his televised statement.

Another 315 million euros will be assigned to compensate Greek pensioners who between 2012 and 2016 were overcharged for their National Health insurance contributions, as ruled recently by the Greek Supreme Administrative Court.

According to Tsipras, these handouts are proof of “the political and social priorities” of Syriza's left-wing government.

The remaining 360 million euro will go to Greece's debt-laden power utility company DEI to prevent future electricity bill increases.

Tsipras said he will send this week the bill to parliament to ensure payments are effective by Dec.

Greek financial media have said part of the surplus will be earmarked to create a financial safety net should Eurostat, the European Union's statistical office revise its forecast for this year.

Greek opposition parties responded to Tsipras announcement pointing out that the handouts were made possible by over-taxing the middle class.

Last year the Greek government shared 617 million euros in a one-off Christmas lump sum distributed among 1.5 million pensioners.

The Greek government estimated this year's fiscal surplus will be around 3 percent of its Gross National Product (GNP,) nearly doubling the 1.75 percent forecast in accordance with the austerity measures decreed by the nation's third financial rescue plan.

But in a statement posted on the opposition's New Democracy (ND) party website, it said that Greece's government "takes a lot out from one pocket and returns a little to the other."

News history
MEPs approve EU amendment to ban electric pulse fishing

Strasbourg, France, Jan 16 (efe-epa).- Members of the European Parliament on Tuesday voted in a favor of a policy amendment to ban the use of electric pulse...

Malaysian farmers protest EU resolution on palm oil production

Kuala Lumpur, Jan 16 (efe-epa).- Hundreds of demonstrators, including small-scale farmers and government workers, gathered in central Kuala Lumpur on...

Romania defense minister named interim PM after political crisis

Bucharest, Jan 16 (efe-epa).- The Romanian defense minister was on Tuesday appointed as the country's interim prime minister after the ruling party forced...

EU Council chief: Brexit can be reversed if there is change of heart in UK

Brussels, Jan 16 (efe-epa).- Brexit could still be avoided if United Kingdom citizens changed their minds and decided they did not want their country to...

Collapse of Carillion fuels UK debate about public role of private companies

London, Jan 15 (efe-epa).- One of the United Kingdom government's biggest contractors entered liquidation proceedings Monday after weekend rescue talks...

Airbus halting A380 production in 2018 if unable to secure 6 annual orders

Paris, Jan 15 (efe-epa).- European aircraft maker Airbus on Monday said it would halt the production-line of its a-380 wide-bodied double-decker large...

Strikes against new reforms leave Athens traffic paralyzed

Athens, Jan 15 (efe-epa).- Another series of strikes and protests hit Greece on Monday, totally paralyzing public transport in the capital Athens which led...

EU expresses concern over death, arrests of Palestinian minors

Jerusalem, Jan 12 (efe-epa).- The mission of the European Union in Ramallah and Jerusalem on Friday expressed its concern after the recent arrests of...

EU Commission grants over $200 million to promotion of agricultural products

Brussels, Jan 12 (efe-epa).- The European Commission on Friday announced it had made 169 million euros ($205 million) available for projects and programs...

Bulgarian PM advocates normalizing EU's ties with Turkey, Russia

Sofia, Jan 12 (efe-epa).- Bulgaria's prime minister on Friday advocated for the normalization of ties between the European Union and Turkey and Russia,...

Portugal's finance minister takes over Eurogroup presidency

Paris, Jan 12 (efe-epa).- Portugal's finance minister on Friday attended a ceremony marking his election to president of the Eurogroup, substituting his...

Czechs cast their vote in presidential elections, incumbent favorite to win

Prague, Jan 12 (efe-epa).- Presidential elections were underway in the Czech Republic on Friday in a vote that was expected to be won by the incumbent head...

French President Emmanuel Macron visits the Domus Aurea

Rome, Jan 11 (efe-epa).- The French president met with the Italian prime minister in Rome on Thursday in a bid to make progress towards a bilateral pact...

Italy sets out its key priorities for its OSCE chairmanship

Vienna, Jan 11 (efe-epa).- Finding a solution to the ongoing violent conflict in Ukraine, further cooperation in the Mediterranean Sea and confronting the...

EU urges Myanmar to investigate violence against Rohingyas in Rakhine

Bangkok, Jan 11 (efe-epa).- The European Union's delegation in Myanmar on Thursday urged the government to launch a thorough and credible investigation into...

EU diplomats offer strong message in favor of Iran deal amid US reticence

Brussels, Jan 11 (efe-epa).- The European Union's foreign affairs chief on Thursday strongly reinforced the bloc's continued commitment to the international...

Catalan separatist leaders appear at Spain court for sedition probe

Madrid, Jan 11 (efe-epa).- Three leading figures behind the independence movement in Spain's northeastern region of Catalonia on Thursday appeared at the...

Paris Mayor calls for Solidarity Night volunteers to count city's homeless

Paris,Jan 10 (efe-epa).- The Mayor of Paris presented her 2018 wishlist at a City Hall press conference on Wednesday where, among other initiatives, she...

Airlifts the only way to leave snowed-in Swiss ski resort of Zermatt

Zermatt (Switzerland), Jan 10 (efe-epa).- Heavy snowfalls on the upscale Swiss ski resort of Zermatt have for a second day left some 13,000 tourists...

Macron urges more European unity to deal with China, US as equals

Beijing, Jan 10 (efe-epa).- The French president on Wednesday urged the European Union to show greater unity and ambition in order to deal with superpowers...

Exploratory talks for German grand coalition head into final day

Berlin, Jan 10 (efe-epa).- The German chancellor's conservative bloc on Wednesday entered a final day of exploratory talks aimed at persuading the...

Ex-leader of Spain's Catalonia seeks regional presidency from Brussels exile

Barcelona, Spain, Jan 10 (efe-epa).- The sacked ex-president of Spain's Catalonia region, who currently found himself in self-imposed exile in Brussels, is...

Ex-Spain minister, IMF head denies criminal wrongdoing in handling of economy

Madrid, Jan 9 (efe-epa).- A former Spanish government minister and one-time head of the International Monetary Fund appeared in Parliament on Tuesday to...

Polish PM conducts sweeping cabinet reshuffle in bid to sooth EU tensions

Warsaw, Jan 9 (efe-epa).- Poland's prime minister on Tuesday made sweeping changes to his cabinet that affected top government roles in a reshuffle widely...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.