Arab Today, arab today greece in final stretch for deal with creditors
Last Updated : GMT 13:20:39
Arab Today, arab today
Arab Today, arab today

PM Alexis Tsipras:

Greece in 'final stretch' for deal with creditors

Arab Today, arab today

Arab Today, arab today Greece in 'final stretch' for deal with creditors

Prime Minister Alexis Tsipras
Athens - Arab Today

Greece is in the "final stretch" of talks for a deal with creditors on a new bailout, Prime Minister Alexis Tsipras said Wednesday as Athens faces another daunting debt deadline in two weeks.

"We are in the final stretch to conclude an agreement with the institutions," Tsipras said in televised remarks.

"Despite the difficulties, we hope this agreement can end uncertainty over the future of Greece and the eurozone," he added.

Greece needs a deal that will unlock bailout funds by August 20, when it must repay some 3.4 billion euros ($3.7 billion) due to the European Central Bank.

The Greek economy is also suffering from the effects of capital controls imposed last month to avert a bank run, a procedure that has badly disrupted trade.

The Athens stock exchange, which opened with a record drop on Monday after a five-week shutdown, was shedding 4.23 percent in afternoon trade on Wednesday.

Bank shares have been the hardest hit, trading near the maximum allowed drop of 30 percent for three straight days.

European Commission head Jean-Claude Juncker said Wednesday that agreement on the bailout was possible by August 20.

"All the reports I am getting suggest an accord this month, preferably before the 20th," Juncker told AFP in an interview.
Finance Minister Euclid Tsakalotos on Tuesday told journalists the high-stakes talks were going "at least as well as we expected", and that the possibility of an emergency loan for the ECB payment has not figured in the discussions.

- Autumn elections 'likely' -

Greek government spokeswoman Olga Gerovasili on Wednesday said the talks would continue to the end of the year, however.

"We will have implementation legislation, and points on which the negotiations will not even have ended until the end of the year, such as on labour and non-performing loans," she said.

Tsipras is under pressure from a sizeable minority in his radical Syriza party who say the rescue package he agreed to last month piles further austerity on a weakened economy and goes against the government's campaign pledges.

On Wednesday the prime minister said Greeks had to "adapt to the new circumstances" but insisted that his administration would continue to negotiate with the country's creditors to secure a "fair" distribution of tax pain.

In two successive reform votes last month, more than 30 lawmakers from the ruling Syriza party refused to approve the measures included in the bailout, which is worth up to 86 billion euros over three years.

With his popularity among Greeks still high, Tsipras has warned the dissidents of early elections in the autumn if they continue to resist the measures.
"Elections are likely in the autumn," Gerovasili told Vima radio earlier. "It mainly depends on how steady this government can be in the coming period."

Tsipras' main party opponent, euroseptic ex-energy minister Panagiotis Lafazanis, on Wednesday repeated his refusal to accept the new cuts.

"When the new memorandum comes to parliament, I will not vote for it," said Lafazanis, head of a Syriza faction called Left Platform.

"I imagine all the lawmakers associated with Left Platform will not vote (either)," Lafazanis said during a visit to Thessaloniki.

Greece on Wednesday raised 812.5 million euros ($890 million) in six-month treasury bills.
Source: AFP

arabstoday
arabstoday

GMT 05:19 2017 Thursday ,07 September

Oil price to stay at $50-$55 a barrel

GMT 02:17 2017 Monday ,04 September

UK will not be pressured by EU timetable: Davis

GMT 20:54 2017 Sunday ,03 September

BRICS turned into pushing power

GMT 14:42 2017 Tuesday ,29 August

Qabil: challenges by Industrial sector

GMT 20:39 2017 Saturday ,26 August

Mayor calls for Petrobras privatization

GMT 14:45 2017 Thursday ,17 August

MP: government ignores citizen
Arab Today, arab today
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 in final stretch for deal with creditors Arab Today, arab today greece in final stretch for deal with creditors

 



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 in final stretch for deal with creditors Arab Today, arab today greece in final stretch for deal with creditors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
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 Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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