Arab Today, arab today strain shows in greek coalition ahead of debt talks
Last Updated : GMT 04:41:48
Arab Today, arab today
Arab Today, arab today

Strain shows in Greek coalition ahead of debt talks

Arab Today, arab today

Arab Today, arab today Strain shows in Greek coalition ahead of debt talks

Athens - AFP

Leaders of Greece\'s ruling coalition were steeling themselves for fresh talks Monday after objections to another round of spending cuts stalled progress on clinching a critical debt rescue package. Despite the looming threat of a disastrous debt default in March, Prime Minister Prime Minister Lucas Papademos could not persuade his socialist, conservative and far-right allies to swallow the bitter pill. Sunday\'s talks broke up after five hours of negotiations. Papademos said the leaders had agreed on the need to cut public spending by 1.5 percent of GDP, with measures including wage cuts, pension adjustments and bank recapitalization. But after the meeting, at least two of the coalition party leaders, George Karatzaferis, leader of far-right party LAOS and Antonis Samaras, head of the conservative New Democracy party, made it clear they could only go so far. Both attacked fresh demands from international creditors they said would heap fresh pain on the Greek people. \"I will not contribute to the explosion of a revolution from destitution that will burn all of Europe,\" Karatzaferis told reporters as he left the meeting. Samaras said the country was \"being asked for more austerity, which it is unable to bear. I am fighting to prevent this.\" They face pressure from the \'troika\' of international creditors -- the European Union, the International Monetary Fund and the European Central Bank -- to make further cuts. Those cuts reportedly included a 20-percent cut in the 750 euros ($985) monthly minimum wage; a 15-percent cut in supplementary pensions; and 15,000 civil service redundancies this year. At stake is a new eurozone rescue loan deal worth 130 billion euros ($171 billion), pending since October. But the ruling coalition has also struggled to agree terms with private lenders to wipe off part of the 350-billion-euro Greek debt. And time is runnng out, as Athens faces loan repayments of 14.4 billion euros ($19 billion) on March 20. On Saturday, Finance Minister Evangelos Venizelos had insisted it all had to be settled by Sunday night to keep the country on schedule to make its debt repayment schedule safely. Papademos meanwhile, has reportedly set his own red line, threatening to resign if his coalition fails to back him.  

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 strain shows in greek coalition ahead of debt talks Arab Today, arab today strain shows in greek coalition ahead of debt talks

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
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 Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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