Arab Today, arab today greece must cut extra 25 bn euros in next 2 years
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Greece must cut extra 2.5 bn euros in next 2 years

Arab Today, arab today

Arab Today, arab today Greece must cut extra 2.5 bn euros in next 2 years

Berlin - AFP

Greece\'s creditors say it must cut 14 billion euros ($17 billion) from its budget in the next two years, 2.5 billion euros more than they originally demanded, German weekly Der Spiegel reported Saturday. The amount was revised upward as a result of the most recent audit mission by the country\'s so-called troika of bailout lenders, the European Union, the International Monetary Fund and the European Central Bank, Der Spiegel said. Troika auditors visited Athens recently and are expected to return in September, when they have said they will remain for the entire month. Based on that audit, the EU and IMF will decide whether to release Greece\'s next loan disbursement of 31.5 billion euros. The Greek government is scrambling to slash its budget in order to access the funds, which it needs to keep it from defaulting on its debt and crashing out of the eurozone. Der Spiegel said the troika had ordered the extra cuts because planned privatisations were not shaping up to be as lucrative as hoped and tax revenues were falling short of forecasts as the economy struggled through its fifth year of recession. The auditors also said in a report that the government had so far been unable to show how it planned to reach the 11.5 billion euros in savings it had already pledged to find for 2013 and 2014.

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 must cut extra 25 bn euros in next 2 years Arab Today, arab today greece must cut extra 25 bn euros in next 2 years

 



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 greece must cut extra 25 bn euros in next 2 years Arab Today, arab today greece must cut extra 25 bn euros in next 2 years

 



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
View News in Arabic - Business: نفط وبتروكيماويات
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 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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