Arab Today, arab today greeces debt load not taboo in talks with creditors
Last Updated : GMT 02:08:35
Arab Today, arab today
Arab Today, arab today

French Finance Minister Michel Sapin:

Greece's debt load not 'taboo' in talks with creditors

Arab Today, arab today

Arab Today, arab today Greece's debt load not 'taboo' in talks with creditors

French Finance minister Michel Sapin
Paris - Arab Today

French Finance Minister Michel Sapin said Wednesday the sustainability of Greece's overall debt load should be discussed within current bailout talks aimed at avoiding the immediate threat of a Greek default.

"In an overall accord, the debt question isn't taboo, (and) should be discussed even if it isn't the most urgent" concern, Sapin told French lawmakers during parliamentary questioning.

While finding an agreement towards unblocking 7.2 billion euros ($8.1 billion) in bailout funds Athens needs to honour debt payments to the International Monetary Fund due on June 30 is the most pressing concern, Sapin said the wider question of Greece's debt load should be examined amid the efforts to avoid a default by Athens.

Though many other eurozone countries involved in the talks are averse to examining it, the longer-term sustainability of Greece's huge debt load "is among the topics on the table."

Though staggering levels of Greek debt have required international creditors to extend Athens two massive bailouts, those funds have only increased Greek's indebtedness, which now represents nearly 180 percent of annual GDP.

Many independent observers have long noted that even if an agreement can be found to free up the blocked bailout funds that will allow Greece to service debt payments coming due this summer, the enormity of the nation's overall debt may well condemn Athens to struggle to honour interest payments without hopes of ever paying off the principle.

Germany has long been loathe to consider discussion of any debt forgiveness for Greece, and tended to focus discussion on deep structural reforms Berlin says are needed to allow the economy to perform better -- and generate funds to pay its debts.

Only after those concessions by Athens are made and the current bailout agreement concluded, says a German government source, "can we discuss questions of the sustainability and financing of (Greece's) debt."
Source: AFP

arabstoday
arabstoday

GMT 02:07 2017 Tuesday ,26 September

Inequality, low wages weaken global growth

GMT 01:54 2017 Tuesday ,26 September

China-backed fund to buy British chipmaker after US snub

GMT 14:40 2017 Monday ,25 September

OPEC to discuss extending cuts, quotas

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
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 greeces debt load not taboo in talks with creditors Arab Today, arab today greeces debt load not taboo in talks 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 greeces debt load not taboo in talks with creditors Arab Today, arab today greeces debt load not taboo in talks 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 US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
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 Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

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