Arab Today, arab today greece in talks with creditors amid resignations
Last Updated : GMT 20:32:10
Arab Today, arab today
Arab Today, arab today

Greece in talks with creditors amid resignations

Arab Today, arab today

Arab Today, arab today Greece in talks with creditors amid resignations

Athens - AFP

Greece\'s finance minister was lined up for talks on Sunday with the country\'s international creditors, hours after the Greek reform team was hit by the resignation of two top officials. The meeting -- mainly focused on job cuts -- will determine whether Athens will claim a loan slice of 2.8 billion euros ($3.6 billion) due at the end of March. Thorny issues that Greece still needs to address include shrinking the number of jobs in the public sector, speeding up privatisation plans and recapitalising four of its main banks. \"There are open issues, there are differences but the climate is good,\" Finance Minister Yannis Stournaras told Mega television. On Saturday, Greece\'s privatisation chief and the finance ministry general secretary both stepped down over an investigation into alleged breach of duty at the country\'s main power group PPC where both were previously members of the board. The blow came as the troubled Greek privatisation drive was beginning to hit a stride after years of delays. In January, the privatisation agency completed Greece\'s first public land international deal in 15 years with a 99-year lease of a plot on the popular tourist island of Corfu for 23 million euros ($30 million). A month later, Greece managed to lure back Qatar\'s investment authority in a public tender for its top asset, the former Athens airport of Hellinikon. In an interview with financial weekly Axia on Saturday, Prime Minister Antonis Samaras had forecast a solid privatisation drive for 2013. \"We will meet this year\'s target of around 2.6 billion euros. We might even exceed it,\" the PM said. He added that the government was expecting binding offers for gas operator DEPA and gaming monopoly OPAP before summer and would also divest state oil refiner HELPE within the year. A replacement to head the privatisation agency is to be nominated to parliament on Monday. Under the bailout conditions adopted last year, Greece needs to cut public sector workers by 25,000 in 2013 and a total of 150,000 by the end of 2015. Facing a sixth consecutive year of recession, the heavily-indebted country has been relying on international rescue packages to avoid bankruptcy. A return to growth initially foreseen for 2012 is now not expected before 2014. Since 2010, the EU and the IMF have committed 240 billion euros ($314 billion) overall in rescue loans to Greece. The prime minister on Saturday also promised his recession-weary nation that there would be no more tightening of the belt beyond that already agreed with creditors. \"There will be no more austerity measures,\" Samaras said in a televised speech to his conservative party\'s political committee. \"And as soon as growth sets in, relief measures will slowly begin,\" Samaras said. But he noted that Greece\'s ailing economy was \"out of intensive care, not out of the hospital.\"

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 in talks with creditors amid resignations Arab Today, arab today greece in talks with creditors amid resignations

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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