greece needs 2year extension on fiscal pledges
Last Updated : GMT 08:43:32
Arab Today, arab today
Arab Today, arab today

Greece needs 2-year extension on fiscal pledges

Arab Today, arab today

Arab Today, arab today Greece needs 2-year extension on fiscal pledges

Athens - AFP

Greece needs a two-year extension from its international creditors to meet fiscal pledges, and a liquidity boost from the European Central Bank, said Prime Minister Antonis Samaras. In a Washington Post interview appearing in Greece on Saturday, Samaras said the recession-hit country was determined to adopt a new austerity package worth 11.7 billion euros ($15 billion) to avoid leaving the eurozone. But he said the programme should apply over four years instead of the currently agreed timeframe of two years -- his most specific extension request in weeks. \"Instead of the 11.7-billion-euro package taking place over two years, it would be best if it were to take place over four years,\" the prime minister said. \"We are talking about an extension to 2016,\" he said. Samaras had asked for a two-year extension prior to his election in June, but had since made more general requests for \"breathing space\" in meetings with EU leaders over the last month. Eurozone and IMF leaders meeting in Nicosia on Friday also conceded that Greece needed more time to meet agreed targets under its international bailout. \"Clearly timing is an issue worth consideration,\" IMF managing director Christine Lagarde told a news conference. With EU decisions on Greece now expected at an October 18-19 summit, Greek Finance Minister Yannis Stournaras said in Nicosia that officials had 10 days to seal the disputed package of cuts pending since June. \"The deal will be closed in 10 days,\" Stournaras told reporters, according to Ta Nea daily. \"(Measures worth) four billion euros have yet to be agreed, but this matter will be settled soon,\" he said, according to the paper. Greece must agree with its so-called \"troika\" of creditors -- the EU, IMF and the European Central  Bank -- to receive the next slice of 31 billion euros from its bailout package. In his interview, Samaras said the money was needed to recapitalise Greek banks and pay more than $6 billion that the state owes to the private sector. And with Greece excluded from borrowing on financial markets, the prime minister said the country needed to get liquidity through the ECB. \"The ECB provides liquidity, either through bonds or through the Emergency Liquidity Assistance programme,\" Samaras said. \"Other countries have access to the markets, whereas Greece does not. Therefore, we have to get liquidity through the ECB,\" he said.

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*

greece needs 2year extension on fiscal pledges greece needs 2year extension on fiscal pledges

 



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*

greece needs 2year extension on fiscal pledges greece needs 2year extension on fiscal pledges

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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