Arab Today, arab today greece moves to calm austerity fears as germany suggests new bailout
Last Updated : GMT 12:45:25
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.

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 Nasima Gamei revives heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
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 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
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 UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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