Arab Today, arab today finance minister greek will stick to austerity pledges
Last Updated : GMT 15:03:29
Arab Today, arab today
Arab Today, arab today

Partners expected to approve loans over $12.5 bln

Finance Minister: Greek will stick to austerity pledges

Arab Today, arab today

Arab Today, arab today Finance Minister: Greek will stick to austerity pledges

Greek Finance Minister Evangelos Venizelos arrives for a Eurogroup meeting in Luxembourg
Luxembourg - AFP

Greek Finance Minister Evangelos Venizelos arrives for a Eurogroup meeting in Luxembourg Greece's new finance minister Evangelos Venizelos arrived for talks with eurozone ministers on his country's debt crisis Sunday pledging to stick to debt reduction promises. "It is a great opportunity for me to repeat the strong commitment of the Greek government and the strong will of the Greek people for the implementation of the programme," he said, referring to a tough four-year austerity package.
"We can achieve our target, thanks to the efforts of our people, and thanks to the cooperation and the assistance of our partners," he said.
The former defence minister was handed the finance portfolio only Friday when Prime Minister George Papandreou revamped his government in the hope of mustering needed support for further belt-tightening despite public protests.
Ministers from the 17 nations using the euro were to begin two days of talks at 7:00 pm (1700 GMT) to release loans to keep Athens from default in the summer, while mulling the shape of a second major bailout for Athens in just over a year.
But help is contingent on Greece sticking to a harsh debt reduction plan that includes privatisations and belt-tightening.
And Germany's finance minister Wolfgang Schauble made that more than clear on arriving for the talks.
"We will certainly work on ascertaining that conditions are fulfilled for the payment of the next tranche" of a 110-billion-euro bailout from 2010, he said.
However "the heart of the matter is not happening here but in Athens", he warned.
Greece's euro partners are expected during the talks to approve loans of over 8.7 billion euros ($12.5 billion), their share of a 12-billion-euro tranche of bailout funding which Athens needs to avoid default next month.
A further 3.3-billion-euro portion from the IMF should follow once an outline deal on financing through to the end of 2014 is agreed.
The Greek government meanwhile is battling to push through a controversial budget plan, including 28.4 billion euros ($40.6 billion) of fiscal belt-tightening, which has triggered wide unrest and threatened government meltdown.
It must be adopted by the end of the month to convince creditor nations, the EU and the IMF to continue dishing out financial aid to the country.
In Athens, Papandreou on Sunday urged political parties to forge a "national accord" and back him in a confidence vote in order to overcome the economic crisis amid social unrest.
"I have asked for a renewal of the confidence in the government because the country finds itself at a crucial point," Papandreou said at the opening of debate on a parliamentary vote of confidence in the new Greek cabinet.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance minister greek will stick to austerity pledges Arab Today, arab today finance minister greek will stick to austerity pledges

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance minister greek will stick to austerity pledges Arab Today, arab today finance minister greek will stick to austerity pledges

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday