Arab Today, arab today greece to reach euimf breakthrough by monday
Last Updated : GMT 11:41:43
Arab Today, arab today
Arab Today, arab today

Greece to reach EU-IMF breakthrough by Monday

Arab Today, arab today

Arab Today, arab today Greece to reach EU-IMF breakthrough by Monday

Athens - AFP

Greece expects to bridge a fiscal gap with international creditors by Monday to unblock access to billions of euros in badly-needed loans, Finance Minister Yannis Stournaras said on Wednesday. Stournaras said an agreement would be reached by \"Monday\'s eurogroup,\" a reference to a meeting of eurozone finance ministers in Luxembourg. He acknowledged that the difference with creditors was still \"quite big\" but insisted that a deal could be reached with auditors from the European Union, the International Monetary Fund and the European Central Bank (EU-IMF-ECB). Stournaras was positive the gap would be closed, saying: \"They will come over to our views, we will go to theirs,\" in remarks to reporters outside the prime minister\'s office. The finance minister said he had \"no knowledge\" on rumoured plans by European leaders to establish a broader crisis plan involving other struggling eurozone economies such as Spain. Greece needs to gain access 31.5 billion euros ($40.6 billion) in loans from a second EU-IMF bailout programme that have been held up for several months. Athens needs the money to recapitalise banks and repay outstanding domestic debts that now amount to almost eight billion euros. This week, the government presented additional budget cuts worth 7.8 billion euros for 2013 to get the country\'s troubled fiscal overhaul back on track after delays that were exacerbated by elections this year. But the EU-IMF-ECB, or troika, representatives are reportedly questioning some 3.5 billion euros in cuts in 2013 and 2014 that are needed to seal the deal, reports said. A finance ministry source on Wednesday confirmed that the fiscal gap just for 2013 was in the order of 2.5 billion euros. Stournaras has told the Thursday edition of Germany\'s Bild daily that he expects the auditors\' report to be ready by mid-October and was confident that Greece would receive funds before the end of the month. Contrary to reports, there was \"no misunderstanding\" with the troika and talks were on the right track, Stournaras 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*

Arab Today, arab today greece to reach euimf breakthrough by monday Arab Today, arab today greece to reach euimf breakthrough by monday

 



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 to reach euimf breakthrough by monday Arab Today, arab today greece to reach euimf breakthrough by monday

 



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 Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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