Arab Today, arab today greece secures new bailout terms
Last Updated : GMT 06:14:20
Arab Today, arab today
Arab Today, arab today

Greece secures new bailout terms

Arab Today, arab today

Arab Today, arab today Greece secures new bailout terms

Athens - UPI

Lenders in Europe agreed to new terms for loans to Greece that will free up an additional $3.6 billion disbursement for the debt-burdened government. The agreement includes a new round of austerity measures. Specifically, The New York Times reported Monday, Greece will layoff an additional 15,000 civil servants, including 4,000 this year. The layoffs are to focus on civil servants close to retirement, but also include 2,000 who have been accused of breaking various rules at work. In Athens, Alexis Tsipras, the head of the Syriza party, called the layoffs \"a human sacrifice\" that would push Greece\'s 27 percent unemployment rate even higher. The International Monetary Fund, the European Commission and the European Central Bank, a group called the troika, issued a statement saying fiscal performance in Greece \"is on track to meet program targets and the government is committed to fully implement all agreed fiscal measures for 2013-2014 that are not yet in place.\" The deal \"could be agreed soon by the euro area member states,\" the statement said. At the end of 2012, Greece\'s debt stood at 160 percent of the country\'s gross domestic product. But Greece was able to secure a deal that allows for a 15 percent drop in a property tax that was enacted in 2011. It also agreed to adopt a plan to collect back taxes and Social Security debt in 48 monthly installments. \"We wrapped it up. We have a deal with the troika,\" Finance Minister Yannis Stournaras said after the meeting.

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 secures new bailout terms Arab Today, arab today greece secures new bailout terms

 



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 secures new bailout terms Arab Today, arab today greece secures new bailout terms

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

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 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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