Arab Today, arab today greek pm meets with international auditors
Last Updated : GMT 20:28:25
Arab Today, arab today
Arab Today, arab today

Greek PM meets with international auditors

Arab Today, arab today

Arab Today, arab today Greek PM meets with international auditors

Athens - AFP

Greek Prime Minister Antonis Samaras meets Monday with auditors from the country\'s international creditors in a bid to finalise a new austerity programme needed to unlock critical bailout loans. This will be the first meeting between Samaras and the so-called troika chiefs, who arrived on Friday and are expected to remain in Athens for several weeks before determining whether Greece has done enough to get 31 billion euros ($40 billion) in loans needed to avoid bankruptcy. Matthias Mors from the EU, Klaus Masuch from the European Central Bank (ECB) and Poul Thomsen from the International Monetary Fund (IMF) held a first general meeting with Finance Minister Yannis Stournaras on Sunday. \"We still have a long way to go. We have not completed anything, we spoke in general terms,\" a Greek government source said on Sunday after the meeting. \"It was a good meeting,\" said Poul Thomsen after the talks, with Klaus Masuch adding \"We\'re working day and night.\" The mission has come to resume the audit it started at the end of July, monitoring the indebted country\'s progress regarding the implementation of reforms that are part of its bailout deal. Its report, expected in October, will determine whether Greece will receive the next instalment under its 130 billion euro EU-IMF bailout. The troika will accompany the Greek mission to an informal meeting of eurozone finance ministers, scheduled to take place in Nicosia on Friday, a source from the finance ministry said on Sunday. Athens is racing to finalise a programme of spending cuts of some 11.5 billion euros ($14.7 billion) for 2013 and 2014, which could be raised to 13.5 billion euros to counterbalance losses in state revenues resulting from heavy recession. Facing its fifth year of continuous recession, Greece is hoping for some \"breathing space\" that will give additional time to carry out the new measures. The new package is reported to include slashing pensions by 3.5 billion euros, health cuts worth 1.47 billion euros as well as a 517-million-euro reduction in defence spending. The proposed cuts have caused friction within Samaras three-party coalition, whose leaders failed to reach an agreement on the package at a meeting late on Sunday. \"We have not finished the plan because the troika has not accepted all of the Greek proposals,\" said leader of the PASOK socialist party Evangelos Venizelos after the talks. \"Europeans need to understand that the Greek people cannot take any more,\" said Fotis Kouvelis, head of moderate leftists Democratic Left. Venizelos added that disagreements focused on the proposed cuts to pensions and social benefits. The three leaders are scheduled to have another meeting on Wednesday. The proposed austerity programme has already caused public protests, with more than 12,000 people marching on Saturday in the northern city of Thessaloniki according to policy. Following a meeting with EU President Herman Van Rompuy in Athens on Friday, Samaras underlined that \"the resistance of the Greeks has reached its limit, which means we need a recovery as soon as possible.\" Van Rompuy, on the other hand, stressed that in order to obtain further support Greece has to deliver on its promises. Meanwhile, Samaras is scheduled to travel to Frankfurt on Tuesday to hold talks with European Central Bank chief Mario Draghi as part of a round of talks with European leaders to plead the country\'s case to spread out the spending cuts. Samaras held talks with German Chancellor Angela Merkel and French President Francois Hollande last month.

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 greek pm meets with international auditors Arab Today, arab today greek pm meets with international auditors

 



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 pm meets with international auditors Arab Today, arab today greek pm meets with international auditors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer 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