Arab Today, arab today greece bailout deal by midaugust
Last Updated : GMT 06:00:10
Arab Today, arab today
Arab Today, arab today

EU's Pierre Moscovici:

Greece bailout deal by mid-August

Arab Today, arab today

Arab Today, arab today Greece bailout deal by mid-August

An EU and a Greek flag in front of the ancient temple of Parthenon
Brussels - Arab Today

Greece and its creditors aim to finalise a deal for the country's third bailout by mid-August in time for Athens to make a huge payment to the ECB, EU Economic Affairs Commissioner Pierre Moscovici said Wednesday.

"Talks on a new programme for Greece have just started and will lead us to the second fortnight of August," Moscovici said at a news briefing in Brussels, later specifying the beginning of that period.

"That is the general calendar but we will see how things go," he said, adding that the "main thing" is to conclude the official Memorandum of Understanding -- the document will bind Greece with its creditors.

Greece and its EU-IMF creditors are currently trying to hammer out the details of a bailout worth up to 86 billion euros ($93 billion) that was agreed in principle by the eurozone's 19 leaders at a summit last week.

Both sides are under huge pressure to finalise the terms of the three-year rescue before August 20 when Greece owes the European Central Bank a loan repayment of 3.2 billion euros ($3.5 billion) it cannot afford.

The leftist government in Athens on Tuesday also set August 20 as the deadline to finalise the negotiations.

The talks will detail the timeline for disbursements by the creditors over the next three years, in return for enacted reforms by Greece, which must also meet ambitious budget targets.
Later on Wednesday, Greece's embattled Prime Minister Alexis Tsipras was to seek to push through Greek parliament a second set of reforms in return for the bailout, despite a rebellion by a fifth of the MPs from his radical-left Syriza party in voting on the first batch of reforms.

"I am confident that Greek Parliament will adopt tonight the two laws agreed at the Euro summit," Moscovici said.
Source: AFP

 

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 greece bailout deal by midaugust Arab Today, arab today greece bailout deal by midaugust

 



Arab Today, arab today

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 greece bailout deal by midaugust Arab Today, arab today greece bailout deal by midaugust

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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