Arab Today, arab today greek govt yet spending cuts
Last Updated : GMT 21:19:38
Arab Today, arab today
Arab Today, arab today

Greek govt yet spending cuts

Arab Today, arab today

Arab Today, arab today Greek govt yet spending cuts

Athens - AFP

Greece\'s coalition government has yet to agree on its much-anticipated 11.5 billion euros spending cuts programme for 2013 and 2014, Finance Minister Yannis Stournaras said in Athens on Tuesday. \"11.5 billion is an important number. We are not there yet, we are still 3.5-4 billion euros away,\" said Stournaras after a meeting with President Carolos Papoulias. Stournaras denied cutting public sector jobs is back on the table, but said placing state employees on a labour reserve scheme remains a possibility. Greece\'s previous government had considered last winter placing 15,000 public sector employees on labour reserve by the end of 2012. Stournaras, who had various meetings with the so-called troika of auditors from Greece\'s EU, International Monetary Fund and European Central Bank creditors last week, said negotiations will continue until the end of August. The troika departed from Athens on Sunday on a positive note, with Poul Thomsen from the IMF stating that \"we made good progress.\" The auditors are expected to return to Greece in September. Struggling with a fifth year of continuous recession, Greece has falled behind in the implementation of structural reforms that are part of the EU-IMF bailout packages which are keeping its economy afloat. Back-to-back elections in May and June resulted in a two-month political deadlock that got the country\'s reform programme off track, amid mounting international pressure. The government has to cut 11.5 billion euros off expenditure over the next two years in order to unlock the next instalment of its 130 billion euro bailout package -- the second for the cash-stripped country in two years. The troika\'s report will determine whether the indebted country will receive the much-needed sum. Yesterday, Stournaras also said that the government decided to accelerate its privatisation programme, by adopting a new law \"containing 77 administrative acts aiming to speed up privatisations.\"

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 greek govt yet spending cuts Arab Today, arab today greek govt yet spending cuts

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
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 Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
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 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research
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 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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