Arab Today, arab today greece needs rescue deal by june 18
Last Updated : GMT 07:19:53
Arab Today, arab today
Arab Today, arab today

Greece 'needs rescue deal by June 18'

Arab Today, arab today

Arab Today, arab today Greece 'needs rescue deal by June 18'

Picture of Prime Minister Alexis Tsipras
Athens - AFP

Greece needs to clinch a deal with its EU-IMF creditors at a eurozone meeting on June 18 to prevent it from defaulting on its debt, two ministers said on Friday, a day after the IMF pulled its team out of the negotiations.

Defence Minister Panos Kammenos said in an interview with Mega channel that a deal "will come about by June 18 or never".

Minister of State Alekos Flambouraris, a close associate of Prime Minister Alexis Tsipras, told state television ERT: "I hope (an agreement) comes very soon, on June 18, when the Eurogroup convenes."
Athens stocks slumped four percent at open as optimism a day earlier for an imminent deal evaporated.

Greece needs to find 1.6 billion euros ($1.8 billion) to repay to the International Monetary Fund by the end of the month.

It therefore needs to clinch a deal to unlock 7.2 billion euros in bailout funds by the end of June before its current EU-IMF rescue programme expires, leaving the cash-strapped country with no means of support against a looming default.

Kammenos -- whose populist Independent Greeks party is the junior government coalition partner and is not involved in the talks -- said Friday the IMF payment would not be made if the talks founder.
"If a solution is not found by the end of the month, we will not pay the IMF," he said.

The five-month talks are stuck on disagreement between Greece and its creditors on its future budget goals, economic reforms and tax revenue.

Athens is facing mounting pressure, with the IMF saying Thursday there remains big gaps between both sides and the EU warning the Greeks to stop "gambling" with the possibility of default and a messy exit from the eurozone.
"There are still major differences between us in most key areas," IMF spokesman Gerry Rice told reporters in Washington. "There has been no progress in narrowing these differences recently. Thus we are well away from an agreement."

The fund said its Greek talks team had returned to Washington from Brussels and that the "ball is very much in Greece's court right now" -- although it added that "the IMF never leaves the table and remains engaged."

European Commission chief Jean-Claude Juncker said Tsipras would have to face down his anti-austerity party, where a number of cadres have proposed early elections if forced to accept unpopular cuts.

"This is not a real party but a group of movements, tendencies, sentiments and resentments," Juncker told France Culture radio.

 

 

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 needs rescue deal by june 18 Arab Today, arab today greece needs rescue deal by june 18

 



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 needs rescue deal by june 18 Arab Today, arab today greece needs rescue deal by june 18

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
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 Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
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 World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
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 Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
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 Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

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 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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