Arab Today, arab today eurozone no need for fresh greek debt aid talks before august
Last Updated : GMT 16:24:29
Arab Today, arab today
Arab Today, arab today

Eurozone: No need for fresh Greek debt aid talks before August

Arab Today, arab today

Arab Today, arab today Eurozone: No need for fresh Greek debt aid talks before August

Brussels - AFP

There is no need to discuss fresh aid for twice-bailed out Greece before August, with a current package enough if Athens meets conditions, the head of the eurozone finance ministers said on Monday. "If the current programme is fulfilled, then further (aid) disbursements can take place by May which will take (Greece) through to August," said Dutch Finance Minister Jeroen Dijsselbloem. "In August, we will talk about the future," Dijsselbloem said as he went into a meeting of the 18 eurozone finance ministers, with Athens hoping for early talks on the issue in the run-up to May elections for the European Parliament. "The debt has to be reduced and that is precisely what we will talk about after the summer," Dijsselbloem added. The European Union, the European Central Bank and the International Monetary Fund first bailed out Greece in 2010 with a programme worth 110 billion euros ($151 billion). When that failed to stabilise the economy, they agreed a much tougher second rescue in 2012 worth 130 billion euros, plus a private sector debt write-off of more than 100 billion euros. Greece has struggled to meet the terms of this second package but hopes it has now done enough to satisfy the 'Troika' of creditors, especially in achieving a "primary budget surplus" -- that is, a budget in the black before debt costs. Dijsselbloem noted that official EU figures on the Greek budget position are due at end April. Over the weekend, German Chancellor Angela Merkel was reported to have blocked an effort by her finance minister, Wolfgang Schaeuble, to offer fresh aid to Greece ahead of May's European elections so as to combat the rise of extremist, anti-EU parties. Schaeuble said Monday that while Greece still faced problems, "it is on the right track," adding that he was confident the next aid payment would be made by May to cover Greek debt obligations falling due. In November, the eurozone finance ministers agreed that Greece could apply for help in reducing its massive debt -- more than 170 percent of total economic output -- if it achieved a primary budget surplus. Prime Minister Antonis Samaras said Sunday that in 2013 Greece had achieved primary surplus of more than 1.5 billion euros -- three times the target and one year early.

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 eurozone no need for fresh greek debt aid talks before august Arab Today, arab today eurozone no need for fresh greek debt aid talks before august

 



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 eurozone no need for fresh greek debt aid talks before august Arab Today, arab today eurozone no need for fresh greek debt aid talks before august

 



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 10:39 2017 Monday ,26 June

Authorities release Assala under conditions

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