x

Economy

Greek FinMin: Proposed Legislation for Economic and Social Council Moves Along Three Axes

January 18, 2021

ATHENS — The government's proposed legislation for strengthening the Economic and Social Council of Greece (ESC), which is about to be unveiled for public consultation, acts in three directions, Finance Minister of Finance Christos Staikouras stated in the plenary session of the Council on Monday.

The three axes of the proposed legislation are as follows:

1 – Strengthening the institutional role of the Council: The targeted revision of the Council's founding law seeks to increase its effectiveness and efficiency, but also to modernise the functioning of its institutions. Ensuring the independence of the institution and transparency in achieving social consensus is a priority.

The increase of the members of the plenary and the expansion of the represented social partners is a tool for achieving the best possible representation of modern civil society. In the operational field, this will be done through interventions related to the clarification and expansion of its field of activity, during the preparation of critical legislation.

2. Modernising and strengthening the ESC's organisational framework: Establishing an integrated operating body, improving the organisation and strengthening its staff are key preconditions for the institution to meet its demanding role.

3. Strengthening the ESC's operational functioning: The aim is to support the institution in establishing a new momentum, so that it can intervene quickly and effectively in the legislative process, express timely views on emerging trends in society and the economy, and maintain its interconnection with both European and international social partner networks, as well as with domestic forces, at a local and regional level.

RELATED

ATHENS - S&P credit rating agency upgraded Greece’s outlook to 'positive' from 'stable' on Friday, April 19, 2024 while maintaining the investment-grade rating of BBB-.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

On Monday, April 22, 2024, history was being written in a Manhattan courtroom.

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

WASHINGTON (AP) — A tiny Philip Morris product called Zyn has been making big headlines, sparking debate about whether new nicotine-based alternatives intended for adults may be catching on with underage teens and adolescents.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.