Arab Today, arab today greek debts loan period likely to be extended
Last Updated : GMT 04:18:33
Arab Today, arab today
Arab Today, arab today

Vice President Jyrki Katainen:

Greek debt's loan period likely to be extended

Arab Today, arab today

Arab Today, arab today Greek debt's loan period likely to be extended

Vice President of the European Commission Jyrki Katainen
Helsinki - XINHUA

Vice President of the European Commission Jyrki Katainen said here on Monday the Greek debt's loan period may be extended and the interest may be lowered.

The Greek Parliament approved on Sunday night a controversial austerity package, which included pension cuts, social contribution rises and tax hikes.

In an interview with Finnish national broadcaster Yle, Katainen said the Greek Parliament's decisions were necessary for the future of Greece.

Katainen said the Greek government was completing the process of structural reforms and budget balancing, so that the growth and stability could gain new foothold. He added that the process should have been finished several years ago.

He said that in the Eurogroup's assessment, the economic reforms of Greece were likely to be sufficient to obtain the next tranche of loan.

"It is possible that the finance ministers of Eurogroup at some point conclude that the loan maturity is extended, and the interest rates are reduced," Katainen was cited as saying.

He pointed out the biggest challenge for Greece was to bring the banks' balance sheets in order.

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 greek debts loan period likely to be extended Arab Today, arab today greek debts loan period likely to be extended

 



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 greek debts loan period likely to be extended Arab Today, arab today greek debts loan period likely to be extended

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
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