Arab Today, arab today france germany want account for greek debt funds
Last Updated : GMT 04:26:40
Arab Today, arab today
Arab Today, arab today

France, Germany want account for Greek debt funds

Arab Today, arab today

Arab Today, arab today France, Germany want account for Greek debt funds

Paris - Arabstoday

France and Germany called Monday for the creation of a special account to ensure that billions of euros in bailout money for Greece goes directly to paying down debt, just as Greek politicians struggle to agree a fresh austerity plan that is being pushed for by international creditors. President Nicolas Sarkozy of France and German Chancellor Angela Merkel said Greece’s leaders need to push through reforms in order to obtain any new funds in a second planned bailout worth €130 billion ($171 billion). “We propose that the interest on Greek debt is placed in a blocked account that will also guarantee that the debts of our Greek friends will be paid,” Sarkozy said. An aide to Sarkozy later explained that the French-German idea would involve setting up a restricted account to pay down interest on Greek debt — for now, the principal is not targeted. Sarkozy and Merkel spoke as part of the 14th French-German Council of Ministers, which focused on coordinating the countries’ tax policies, as well as Europe’s debt crisis. Most attention Monday centered on Athens where Greek Prime Minister Lucas Papademos is due to meet with negotiators from the eurozone and the International Monetary Fund then with the leaders of the three parties backing his coalition. The talks follow an intense weekend of negotiations that failed to produce a breakthrough on a new international bailout and major writedown by banks and other private investors in their share of the country’s crippling debt load. The plan faces political resistance in Greece over the strict austerity terms involved and the markets remain on edge as investors await the outcome of the discussions. Merkel insisted that Greece needs to meet the demands of the so-called “Troika” — the International Monetary Fund, the European Central Bank, and the European Commission — overseeing bailout efforts across Europe. “I want to reaffirm, there can be no agreement if the Troika proposals are not implemented,” she said.” They are on the table. And time is pressing. Therefore something has to happen quickly.” “Time is pressing and for the entire eurozone is much at stake.”

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 france germany want account for greek debt funds Arab Today, arab today france germany want account for greek debt funds

 



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 france germany want account for greek debt funds Arab Today, arab today france germany want account for greek debt funds

 



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 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