Arab Today, arab today troika \seeks 150 new greek reforms\
Last Updated : GMT 12:14:13
Arab Today, arab today
Arab Today, arab today

Troika \'seeks 150 new Greek reforms\'

Arab Today, arab today

Arab Today, arab today Troika \'seeks 150 new Greek reforms\'

Berlin - AFP

International auditors will demand that Greece carry out a further 150 reforms to its recession-battered economy, as it teeters on the edge of bankruptcy, German newsweekly Spiegel reported Sunday. Citing an interim version of the findings of the troika of creditors, Spiegel said Athens would get an extra two years to carry out the reforms in its programme but this delay would cost billions of euros (dollars). Greece has completed 60 percent of the reforms already demanded of it, the report says, according to Spiegel. A further 20 percent are being debated by the Greek government, the rest are outstanding. Among the additional reforms demanded are a loosening of the hiring-and-firing laws, changes to the minimum wage rules and a lifting of certain professional privileges, Spiegel said.The report also suggests that creditors including other eurozone countries take a \'haircut\' or write-off, on some of their holdings of Greek debt, meaning taxpayers would be funding the bailout. The European Central Bank would not write off its holding of Greek debt because this would amount to financing Greece which is strictly forbidden, Spiegel reported. However, the ECB -- which is part of the troika along with the International Monetary Fund and the EU -- is prepared to forgo profits on its Greek debt holding, the weekly said. Greece needs to persuade the troika it has made enough progress in reforms and painful austerity cuts to unlock a 31.5-billion-euro slice of aid needed to stave off bankruptcy.Prime Minister Antonis Samaras has said Greece\'s coffers will be empty in mid-November. Spiegel said the long-awaited report would be published on November 12 at the latest. Creditors differ on how much the two-year delay would cost, with the EU and ECB estimating 30 billion euros and the IMF 38 billion euros, Spiegel said. In order to ensure reforms are carried out, further tranches should be stored in a frozen account and released when changes have been implemented, Spiegel said. Changes would also be made to the budgetary laws in Greece, meaning, for example, that taxes would automatically rise if reforms are not implemented when required, the newsweekly reported. The interim report was presented to officials in Brussels on Thursday who are preparing the next meeting of eurozone finance ministers, expected to take place by teleconference on Wednesday.

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 troika \seeks 150 new greek reforms\ Arab Today, arab today troika \seeks 150 new greek reforms\

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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