Arab Today, arab today greece gears up for final bailout audit
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Greece gears up for final bailout audit

Arab Today, arab today

Arab Today, arab today Greece gears up for final bailout audit

Greece is gearing up for tough talks
Athens - AFP

Greek officials are gearing up for tough negotiations on Tuesday when they meet the country's international creditors in Paris for a final audit into reforms needed for a 240-billion-euro bailout.
The two-day meeting will "raise key points and get the audit going", said a spokesman of the European Commission -- one of Greece's three international lenders.
"Progress needs to be made on a certain number of measures before the mission can go back to Greece," another EU source told AFP.
"It's the last audit and it is therefore expected to be the most difficult," Sophia Voultepsi, Greece's government spokeswoman, told private television channel Skai.
Among thorny issues is Greece's budget for 2015, which has failed to win the approval of the international creditors -- who also include the International Monetary Fund and the European Central Bank.
To meet its target of keeping the deficit to 0.2 percent of output, Athens would need two to three billion euros in additional resources than budgeted, the creditors said.
The budget put forward by Athens expects economic growth to reach 2.9 percent in 2015.
Prime Minister Antonis Samaras said early this month that Greece would seek additional debt relief as a reward for a massive belt-tightening effort to slash its colossal debt.
Other structural reforms including union rights and social assurances are also being discussed, although the government is facing immense popular pressure ahead of elections next year.
Unions have called a general strike on Thursday.
The conclusion of such an audit would also mark the end of the EU's bailout programme for Greece. The IMF's programme would however go on until 2016.
The European Commission estimates that Greece will end six years of recession in 2014 and post slim growth of 0.6 percent.
Output expansion will pick up pace in 2015 to 2.9 percent before reaching 3.7 percent in 2016, according to the commission.

 

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 greece gears up for final bailout audit Arab Today, arab today greece gears up for final bailout audit

 



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 gears up for final bailout audit Arab Today, arab today greece gears up for final bailout audit

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
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