Arab Today, arab today new bailout for greece may be delayed
Last Updated : GMT 00:13:15
Arab Today, arab today
Arab Today, arab today

New bailout for Greece may be delayed

Arab Today, arab today

Arab Today, arab today New bailout for Greece may be delayed

Athens - Ria Novosti

Another international bailout for Greece scheduled for September may be postponed over the indebted country\'s failure to meet creditors\' demands, a local business paper said on Saturday. An EU member, Greece has adopted a budget austerity program but has still failed to meet the economic targets set by the creditors - the European Commission, the European Central Bank and the International Monetary Fund. \"If the mid-term budget program is to be redrafted or completed with new measures, issuing another 8 billion euros of the tranche may then take a longer time,\" the Naftemporiki website said. The country\'s total debt has ballooned to $490 billion. Naftemporiki said the mission of the three creditors was expected in Athens on August 29, a delay of one week, and the scheduled exchange of Greek government bonds would also be postponed until the end of September because private investors are not quite ready. Greece\'s budget deficit has increased 25% in the first seven months of this year to 15.5 billion euros. Unemployment has hit a record of 16.6% and annual economic growth lost 6.9 % in the second quarter. Despite continuing mass protests against the austerity program, Athens is planning further measures to save some $33 billion by 2015 through higher taxes and spending cuts.  

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 new bailout for greece may be delayed Arab Today, arab today new bailout for greece may be delayed

 



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 new bailout for greece may be delayed Arab Today, arab today new bailout for greece may be delayed

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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
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