Arab Today, arab today lithuania gives green light to greek bailout
Last Updated : GMT 00:29:13
Arab Today, arab today
Arab Today, arab today

Lithuania gives green light to Greek bailout

Arab Today, arab today

Arab Today, arab today Lithuania gives green light to Greek bailout

Greek PM Alexis Tsipras
Vilnius - XINHUA

Lithuanian government approved on Monday the Baltic country's support to Greek bailout package from the European Stability Mechanism (ESM).

According to the EU's agreement, Greece will receive up to 86 billion euros from the ESM in a three-year period, in exchange for harsh austerity terms.

Lithuanian approval was issued given that Athens had met the preconditions for the bailout and agreed a specific reform plan with creditor institutions, the government said in a press release.

Rimantas Sadzius, Lithuanian minister of finance, said after government's meeting that the decisions made by Greece on reforms showed that the troubled country was ready to adhere to long-term policy.

However, the EU and the euro area will need guarantees in order for Athens to get the full amount of bailout package, Sadzius added.

"It's difficult to tell anything about political developments in Greece in the future, in particular as there are talks about early elections," Sadzius was quoted as saying by BNS news agency.

Creditors would check Greece's compliance with commitments each time before transferring money, he added.

The minister insists that all the money will be provided to Greece from the European Stability Mechanism (ESM), thus none of the euro area member states will have to contribute additional funds or pay more to the ESM than they currently do.

Sadzius will present Lithuanian position at the meetings of ESM Board of Governors and the Board of Directors in Brussels on Wednesday.

The first part of assistance, 26 billion euros, should be transferred to Greece on 20 August.

Lithuania joined the euro zone on January 1, 2015. As the newest member of the monetary bloc, Lithuania this year started to contribute to ESM. The country's payment of paid-in capital to the ESM will be made in five annual installments of more than 65.4 million euros each.

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 lithuania gives green light to greek bailout Arab Today, arab today lithuania gives green light to greek bailout

 



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 lithuania gives green light to greek bailout Arab Today, arab today lithuania gives green light to greek bailout

 



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 Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
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