Arab Today, arab today creditors make positive evaluation of greek debt proposalsnt
Last Updated : GMT 05:31:20
Arab Today, arab today
Arab Today, arab today

Creditors make 'positive evaluation' of Greek debt proposalsnt

Arab Today, arab today

Arab Today, arab today Creditors make 'positive evaluation' of Greek debt proposalsnt

A man waves a Greek flag in front of the parliament in Athens
Brussels - AFP

Greece's international creditors believe its latest debt proposals are positive enough to be the basis for a new bailout worth 74 billion euros, an EU source said Friday.

"There has been positive evaluation of the Greek programme," the source said, with the EU's bailout fund, the European Stability Mechanism ready to consider putting up 58 billion euros plus 16 billion euros from the International Monetary Fund for what would be a third debt rescue.

The source, who asked not to be named, said the creditor's assessment of the Greek plan would now go to the Eurogroup of 19 eurozone finance ministers who meet Saturday but it stood only a "50-50" chance of approval due to opposition by hardliners such as Germany who oppose any debt relief for Athens.

The finance ministers in turn will prepare a report for eurozone leaders who meet Sunday, followed by an emergency summit of heads of government from all 28 EU member states.

The Greek parliament is expected to vote shortly on the package of reforms left-wing Premier Alexis Tsipras promised his EU peers in return for a new bailout to save Greece from crashing out of the eurozone.
Tsipras rejected a similar plan last month, sparking an immediate crisis over his country's finances as the creditors -- the EU, the IMF and the European Cental Bank pulled the plug on the country's second debt rescue.

In the latest proposals for a three-year programme, Tsipras gave ground on major sticking points, including creditors' demands to overhaul pensions, increase sales taxes and commit to major privatisations.

Tax breaks for Greece's islands and cuts to military spending remain sticking points, as do his demands that the creditors offer some relief on the country's 320-billion-euro ($350-billion) debt mountain.

Greek Finance Minister Euclid Tsakalotos said Friday he believed "many" of the demands for debt relief would be accepted by the eurozone.

He said he was confident Greece would be permitted to roll over a debt of 27 billion euros ($30 billion) in bonds held by the ECB to the ESM, helping to reduce the cost to the government.

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 creditors make positive evaluation of greek debt proposalsnt Arab Today, arab today creditors make positive evaluation of greek debt proposalsnt

 



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 creditors make positive evaluation of greek debt proposalsnt Arab Today, arab today creditors make positive evaluation of greek debt proposalsnt

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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