Arab Today, arab today greece moves to calm austerity fears as germany suggests new bailout
Last Updated : GMT 01:11:51
Arab Today, arab today
Arab Today, arab today

Greece moves to calm austerity fears as Germany suggests new bailout

Arab Today, arab today

Arab Today, arab today Greece moves to calm austerity fears as Germany suggests new bailout

Greek newspapers are in a press kiosk in Athens
Athens - AFP

 Greece sought Sunday to calm fears of further austerity, after Germany's finance minister raised the prospect of a third rescue package for the struggling nation.
German Finance Minister Wolfgang Schaeuble said in an interview published Sunday that "it's possible that Greece might require further aid, of a limited amount".
"It would be significantly lower than the two previous rescue packages -- meaning no more than 10 billion euros ($13.6 billion)," he told Focus magazine.
His comments fanned fears that the Greek government would be forced to impose further tough reforms including job and wage cuts in exchange for the aid.
Greece's radical leftist party Syriza, which won the European elections on an anti-austerity ticket, said Schaueble's comments pointed to "new measures" that would "exhaust people".
But the Greek finance ministry said the country had no immediate need of extra help.
"The financing needs of our country are covered as everybody knows and Eurogroup acknowledges, until the end of the first semester of 2015," it said in a statement.
"For the 2015-2016 period, our country's financing needs will depend on the results of the bank tests conducted by the European Central Bank", it added.
Greece has been rescued from bankruptcy by the International Monetary Fund, the European Commission and the European Central Bank with two bailout packages totalling 240 billion euros ($331 billion).
In exchange, Athens was forced to undertake drastic reforms including wage, pension and job cuts to bring down its runaway public deficit.
The International Monetary Fund released the latest tranche of $4.6 billion in aid funds to Greece on Friday, after a year-long delay to ensure Athens was meeting targets set by bailout lenders.
The Fund said the Greek government had surpassed targets on closing its budget gap, but warned of a number of challenges still facing the country in fully stabilising its finances and returning to sustainable growth.
According to Schaeuble, Greece's debt, equal to 175 percent of GDP, will not fall to a sustainable level before 2022.

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 greece moves to calm austerity fears as germany suggests new bailout Arab Today, arab today greece moves to calm austerity fears as germany suggests new 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 greece moves to calm austerity fears as germany suggests new bailout Arab Today, arab today greece moves to calm austerity fears as germany suggests new 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