Arab Today, arab today greek finance minister meets international creditors over debt
Last Updated : GMT 06:47:12
Arab Today, arab today
Arab Today, arab today

PM claims economy ‘out of intensive care, out of hospital’

Greek Finance Minister meets international creditors over debt

Arab Today, arab today

Arab Today, arab today Greek Finance Minister meets international creditors over debt

Greece has been told to sack 150,000 public sector workers by 2016
Athens - Arabstoday

Greece has been told to sack 150,000 public sector workers by 2016 Greece's Finance Minister was lined up for talks on Sunday with the country's international creditors, hours after the Greek reform team was hit by the resignation of two top officials. The meeting -- mainly focused on job cuts -- will determine whether Athens will claim a loan slice of €2.8bn ($3.6bn) due at the end of March.
Thorny issues that Greece still needs to address include shrinking the number of jobs in the public sector, speeding up privatisation plans and recapitalising four of its main banks.
"There are open issues, there are differences but the climate is good," Finance Minister Yannis Stournaras told Mega television.
On Saturday, Greece's privatisation chief and the Finance Ministry general secretary both stepped down over an investigation into alleged breach of duty at the country's main power group PPC where both were previously members of the board.
The blow came as the troubled Greek privatisation drive was beginning to hit a stride after years of delays.
In January, the privatisation agency completed Greece's first public land international deal in 15 years with a 99-year lease of a plot on the popular tourist island of Corfu for €23m.
A month later, Greece managed to lure back Qatar's investment authority in a public tender for its top asset, the former Athens airport of Hellinikon.
In an interview with financial weekly Axia on Saturday, Prime Minister Antonis Samaras had forecast a solid privatisation drive for 2013.
"We will meet this year's target of around €2.6bn. We might even exceed it," the PM said.
He added that the government was expecting binding offers for gas operator DEPA and gaming monopoly OPAP before summer and would also divest state oil refiner HELPE within the year.
A replacement to head the privatisation agency is to be nominated to parliament on Monday.
Under the bailout conditions adopted last year, Greece needs to cut public sector workers by 25,000 in 2013 and a total of 150,000 by the end of 2015.
Facing a sixth consecutive year of recession, the heavily-indebted country has been relying on international rescue packages to avoid bankruptcy.
A return to growth initially foreseen for 2012 is now not expected before 2014.
Since 2010, the EU and the IMF have committed €240bn overall in rescue loans to Greece.
The Prime Minister on Saturday also promised his recession-weary nation that there would be no more tightening of the belt beyond that already agreed with creditors.
"There will be no more austerity measures," Samaras said in a televised speech to his conservative party's political committee.
"And as soon as growth sets in, relief measures will slowly begin," Samaras said.
But he noted that Greece's ailing economy was "out of intensive care, not out of the hospital."

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 greek finance minister meets international creditors over debt Arab Today, arab today greek finance minister meets international creditors over debt

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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