greece inks deal with creditors to unlock €12bn
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Greece inks deal with creditors to unlock €12bn

Arab Today, arab today

Arab Today, arab today Greece inks deal with creditors to unlock €12bn

Greek police stand outside Parliament during a massive demonstration
Athens - AFP

Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said on Tuesday after marathon talks.

"We have reached agreement on everything, including the 48 additional measures" that should allow the 12 billion euros ($12.8 billion) to be paid out on Friday, Tsakalotos told reporters.

Greece in July accepted a three-year, 86-billion-euro ($93-billion) EU bailout that saved it from crashing out of the eurozone, but it came with strict conditions.

Athens has since adopted a number of the unpopular reforms but came under creditor pressure to adopt further measures, such as streamlining home loan foreclosures.

The agreement covers home foreclosures, which the government was reluctant to accept in order to ensure a safety net for more vulnerable households.

The government should submit the agreed measures to the parliament later Tuesday for a vote on Thursday, the minister said.

Eurozone officials are also expected to approve the agreement later Tuesday, ahead of a Friday decision to unlock the funds.

The funds include 10 billion euros to recapitalise beleaguered Greek banks.

After storming to power at the beginning of the year on a programme to free Greece from the restrictions of bailout programmes, Prime Minister Alexis Tsipras reversed course and accepted a new financial lifeline.

He won fresh elections the deal triggered, calling the bailout agreement a "painful compromise" and a "tactical retreat" that enabled the country to avoid bankruptcy and stay in the euro.

 

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*

greece inks deal with creditors to unlock €12bn greece inks deal with creditors to unlock €12bn

 



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*

greece inks deal with creditors to unlock €12bn greece inks deal with creditors to unlock €12bn

 



GMT 15:47 2017 Monday ,26 June

Ruler of Sharjah to perform Eid Al Fitr prayer

GMT 03:28 2017 Wednesday ,06 September

AUB builds sustainable capacities through Tech for Food

GMT 13:19 2016 Sunday ,25 September

Powerful Earthquakes Strike Off Fiji and Tonga

GMT 23:03 2017 Friday ,08 December

Macron warns against meddling in Lebanon at meeting

GMT 12:03 2017 Friday ,07 April

Appoints Dundas Communications

GMT 06:05 2017 Tuesday ,29 August

Indonesia economy remains strong

GMT 21:54 2017 Saturday ,22 April

"Expo Turkey by Qatar" Concludes

GMT 19:16 2017 Wednesday ,11 October

Bahrain's Deputy PM receives UAE ambassador

GMT 20:44 2017 Tuesday ,24 January

Syrian singer Fadl Shaker allows son singing

GMT 15:19 2017 Wednesday ,01 November

Mexican economy shrinks in quarter of quakes

GMT 11:19 2017 Friday ,21 April

Pro-IS note found near Paris gunman

GMT 16:06 2017 Friday ,10 March

Lebanese Cabinet Appoints New Army Chief

GMT 10:40 2016 Wednesday ,28 December

After Asia, palm oil faces backlash in Africa

GMT 05:35 2015 Thursday ,01 January

US stocks end lower, while logging strong annual gains

GMT 08:57 2018 Tuesday ,09 January

Le Drian to meet Hariri in Riyadh: Reuters
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday