Arab Today, arab today greek stocks close down 4 on bailout jitters
Last Updated : GMT 07:10:47
Arab Today, arab today
Arab Today, arab today

Greek stocks close down 4% on bailout jitters

Arab Today, arab today

Arab Today, arab today Greek stocks close down 4% on bailout jitters

Greek PM Alexis Tsipras
Athens - AFP

The Greek stock exchange closed down 4.02 percent on Wednesday ahead of an emergency meeting of eurozone finance ministers during which the country will unveil controversial proposals to overhaul its bailout.
The benchmark index had dropped into the negative shortly after opening and Prime Minister Alexis Tsipras's announcement that the OECD is ready to help draft a reform programme to boost growth failed to cheer investors.
Tsipras has said he will not bow to demands to complete a loan agreement with the EU and the IMF before rethinking the terms of the 240 billion euro ($270 billion) bailout that Greece accepted during Europe's debt crisis.
Finance Minister Yanis Varoufakis was in Brussels Wednesday to present a 10-point plan aimed at securing stop-gap financing that would tide the country over while it negotiates new terms to be put in place from September 1.
Back in Athens, the PM met with OECD chief Angel Gurria and announced plans to work together to draw up an alternative programme which Tsipras said would be based on policies aimed at alleviating financial misery.
According to Berenberg financial analysts, "a bigger role for the OECD in designing and policing supply-side reforms is positive."
"But refusing to honour 30 percent of the commitments which were the basis for Europe and the IMF lending Greece 240 billion euros, insisting on a much higher minimum wage for young people while youth unemployment is close to 50 percent and re-instating the stranglehold of bolshie trade unions over the labour market look like non-starters."

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 stocks close down 4 on bailout jitters Arab Today, arab today greek stocks close down 4 on bailout jitters

 



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 stocks close down 4 on bailout jitters Arab Today, arab today greek stocks close down 4 on bailout jitters

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

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 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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