Arab Today, arab today greece must quickly implement bailout deal
Last Updated : GMT 22:17:05
Arab Today, arab today
Arab Today, arab today

Prime Minister Alexis Tsipras:

Greece must 'quickly implement' bailout deal

Arab Today, arab today

Arab Today, arab today Greece must 'quickly implement' bailout deal

Greece's PM Alexis Tsipras
Athens - Arab Today

Greece must "quickly implement" the terms of a tough EU bailout agreed in July, newly re-elected left-wing Prime Minister Alexis Tsipras said on Friday.

"We face the obligation to quickly implement what has been agreed," Tsipras told his new government's inaugural cabinet meeting.

In the closing days of Tsipras' last administration, Athens signed up to more tax hikes and public spending cuts in return for a three-year, 86-billion-euro ($96-billion) EU bailout.

Stonewalling creditor proposals with an anti-austerity referendum in July, the 41-year-old leader brought Greece to the brink of exiting the eurozone before backing down.

The U-turn split Tsipras' ruling Syriza party and forced him to step down, but he comfortably won re-election on Sunday with a pledge to mitigate the impact of the bailout.

- Finding the 'antidote' -

"We are aware of the difficult points of the deal... we know how to find the right antidote where there are side effects," Tsipras said on Friday.

In a positive signal to creditors, Tsipras brought back the team that brokered the bailout -- with Euclid Tsakalotos returning as finance minister and top negotiator George Chouliarakis appointed junior finance minister.

In the coming weeks, the government must present an overhaul to make the country's underfunded pension system viable and introduce sweeping tax hikes.

Greece's new parliament, expected to convene on October 1, will also have to revise the 2015 budget, taking into account the reforms, including taxes on farmers' income that are set to double by 2017.

The government must also finalise a procedure to recapitalise Greek banks by December, before new EU-wide bank rescue regulations that could affect depositors come into play in 2016.

And Tsakalotos will have to move quickly to remove capital controls imposed in June to avert a deposit run.

In late October, the lenders will conduct an audit to determine whether Athens is abiding by the reform programme. The release of a three-billion-euro ($3.3-billion) tranche of aid depends on its findings.

"It is critical not to lose an inch from the ground gained in the deal," Tsipras said, telling ministers they had "no time" to lose, and urging them to stay off television.

"I call you to immedately halt your constant television apperances... I selected you as ministers to solve problems, not to staff talk show panels," the premier said.

- European identity at stake -

Greece's other immediate challenge is to find accommodation for refugees and migrants that continue to stream into the country, on the heels of over 310,000 people that have arrived since the beginning of the year.

The UN refugee agency plans to open a 1,000-bed camp in the town of Idomeni on Greece's border with Macedonia, the main transit point for northern Europe.

Some 5,000 people daily pass through Idomeni on the Balkans route towards prosperous northern European economies, more than double the numbers seen a few weeks ago, according to police.

Registration centres will also open on the Aegean Sea islands of Lesbos, Kos and Leros, where tens of thousands of mainly Syrian refugees and migrants land from Turkey.

Tsipras has criticised the heavy-handed response of eastern EU states such as Hungary, where tear gas and water cannon has been used to push back migrants.

"The identity of Europe is at stake," Tsipras said, adding that his administration was "against the logic of turning European borders into battlefields and our seas into watery graveyards".
Source: AFP

    

arabstoday
arabstoday

GMT 17:50 2017 Wednesday ,18 October

UK Brexit budget offer is 'peanuts'

GMT 07:18 2017 Monday ,09 October

takes eurozone farewell bow

GMT 15:08 2017 Sunday ,08 October

Deutsche Bank plots more moderate

GMT 16:07 2017 Saturday ,07 October

Saudi companies invest in liquefied gas

GMT 21:52 2017 Tuesday ,03 October

Saudi , Russia to set up $1bn energy fund

GMT 06:39 2017 Tuesday ,03 October

Equifax warned about vulnerability, didn't patch it

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 04:54 2017 Tuesday ,26 September

OPEC to discuss extending cuts, quotas
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 must quickly implement bailout deal Arab Today, arab today greece must quickly implement bailout deal

 



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 must quickly implement bailout deal Arab Today, arab today greece must quickly implement bailout deal

 



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 Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
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 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 Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

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 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

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