eurozone to decide on new greek bailout in september
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Eurozone to decide on new Greek bailout in September

Arab Today, arab today

Arab Today, arab today Eurozone to decide on new Greek bailout in September

Bratislava - Xinhua

Eurozone countries will decide on a new bailout package for debt-ridden Greece in as late as the first half of September, Slovak Finance Minister Ivan Miklos told reporters on Monday. "The talks on the volume and structure vis-a-vis the participation of the private sector (in the bailout) haven't been concluded yet," said Miklos. The eurozone members agreed to postpone the date during a conference telephone call on Saturday, he said. Miklos said talks on the participation of the private sector in the second Greek bailout should be concluded by August 20, adding that a memorandum on understanding must also be drawn up. Greece, the first to require outside help in the face of the lingering European sovereign debt crisis, bought time last weekend after Europe greenlighted the fifth tranche of an 110-billion-euro bailout agreed between Athens and the European Union together with the International Monetary Fund (IMF) in May last year. But the country is still in desperate need of a second and longer-term rescue package of about the same magnitude as the first one. Eurozone finance ministers are expected to meet on July 11, but diplomats had warned that a finalized decision would have to wait a few more weeks. Miklos said earlier that he would raise six conditions at the eurozone finance ministers' meeting next week. According to Miklos, apart from the participation of the private sector by a volume of at least 30 billion euros, there must also be a guarantee that Slovakia will see its loan returned. Other conditions include privatisation of Greece's property, an agreement of Greek political parties on meeting the country's financial obligations, participation of the International Monetary Fund (IMF) in the bailout, and an analysis of debt recoverability. 

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*

eurozone to decide on new greek bailout in september eurozone to decide on new greek bailout in september

 



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*

eurozone to decide on new greek bailout in september eurozone to decide on new greek bailout in september

 



GMT 09:54 2017 Monday ,13 November

Hany Ramzy prepares for new film

GMT 02:13 2017 Thursday ,31 August

RI tourism ready to compete in ASEAN community

GMT 11:38 2017 Tuesday ,14 November

Arab media development is lost in translation

GMT 07:56 2017 Tuesday ,19 December

Fatah’s leader rebukes Trump’s decision

GMT 11:26 2017 Wednesday ,26 April

Settlers uproot 300 olive trees, Ramallah

GMT 05:34 2017 Sunday ,22 October

Hamilton overshadows Vettel in final practice

GMT 16:49 2017 Tuesday ,28 March

Settlements undermine 2-state solution
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