Arab Today, arab today no deal yet on greek deficit target
Last Updated : GMT 14:57:11
Arab Today, arab today
Arab Today, arab today

No deal yet on Greek deficit target

Arab Today, arab today

Arab Today, arab today No deal yet on Greek deficit target

Athens - AFP

Greece\'s creditors have not yet struck a deal to give Athens two more years to rein in its runaway public deficit, a top European Central Bank official said. Responding to newspaper reports of a draft deal with Greece\'s international creditors to grant the Greek government a grace period of an extra two years to get its finances in order, ECB executive board member Joerg Asmussen said no such agreement had been signed yet. \"I\'ve read that too. There\'s still no definitive agreement between the troika and the Greek government,\" Asmussen told German public television. \"There\'s progress in Athens. But we\'re not there yet,\" he said. \"Logically speaking, one can say that Greece is in a position where its current revenues do not cover its current spending. That means that if the deficit targets are to be set back by two years, the other eurozone countries are going to have to put up additional money,\" Asmussen argued. According to a report in the daily Sueddeutsche Zeitung, Athens will be allowed to cut its deficit to three percent of its gross domestic product in 2016 instead of the previous deadline of 2014. The deadlines given to Greece to implement reforms to its job market and in the energy sector, as well as privatisations will also be relaxed, the newspaper said. In addition, Prime Minister Antonis Samaras can count on the country\'s European partners to unlock a new tranche of desperately needed aid funds worth 31.5 billion euros ($40.8 billion), the newspaper said. Greece, heading for a sixth straight year of recession, has been relying on rescue loans from the troika -- the European Union, the European Central Bank and International Monetary Fund -- to keep afloat and is negotiating with auditors representing the international creditors. The Greek government has been pleading for extra time to implement tough austerity reforms required in exchange for aid loans. Greece recently pledged 7.8 billion euros in cuts next year, only to be told by the troika that an effort of 9.2 billion euros is required to counterbalance the effects of a persistent recession.

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 no deal yet on greek deficit target Arab Today, arab today no deal yet on greek deficit target

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
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 To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy

GMT 05:57 2017 Sunday ,19 February

How do you say déjà vu in Greek?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
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 Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

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 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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