delay in debt talks could doom greek bailout
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Finance Minister Euclid Tsakalotos:

Delay in debt talks could doom Greek bailout

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Delay in debt talks could doom Greek bailout

Greek Finance Minister Euclid Tsakalotos
Athens - Arab Today

A delay in talks with international creditors on the evaluation of Greece's reforms and debt relief could ultimately doom the new bailout, the Greek finance minister warned Monday.

"If (the evaluation) is not concluded within a reasonable timeframe this programme cannot work," Finance Minister Euclid Tsakalotos told a news conference.

Greece's leftist government in July signed a third debt rescue programme worth 86 billion euros ($94 billion) after the country looked to be on the brink of crashing out of the eurozone.

Representatives of the creditors -- the European Commission, European Central Bank, International Monetary Fund and the ESM European bailout fund -- are expected in Athens later this month to monitor adherence to the programme.

Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, earlier this month told reporters that the process was likely to take "months (rather) than weeks."

Greece hopes that the end of this evaluation will kickstart a discussion on how to make repayment of its huge public debt more sustainable.

"We need several weeks to close the evaluation... It is in everybody's interest to find a solution and not have a Greek crisis," Tsakalotos said.

But the International Monetary Fund has still not decided whether it will participate in the third financial bailout for Greece, and continues to set out tough conditions.

Athens must reach agreement with the creditors on a new overhaul of its ailing pension system -- and the International Monetary Fund in particular is expected to criticise plans by the government to increase social contributions by employers.

"We are worried that the IMF may not share our concern about time," Tsakalotos said.

"Every month of delay creates the impression that this country has not turned a page, which is unfair. We and the creditors are shooting ourselves in the leg," he said.

Source :AFP

almaghribtoday
almaghribtoday

GMT 18:34 2017 Wednesday ,27 December

Shaath reveals opening date of Metro third line

GMT 14:54 2017 Saturday ,23 December

Brazil to maintain control over Embraer

GMT 13:32 2017 Tuesday ,12 December

Senate tax plan would boost revenue $1.8 tn

GMT 13:52 2017 Monday ,27 November

Brexit without EU trade deal 'not end of world'

GMT 18:44 2017 Tuesday ,21 November

Nader Mohamed underlines World Bank's support

GMT 12:46 2017 Wednesday ,08 November

Al Walwel says Palestinian people able

GMT 18:48 2017 Monday ,06 November

UK queen's offshore investments

GMT 14:53 2017 Thursday ,02 November

Hong Kong skyscraper sold for record $5.15 bn
Almaghrib Today, almaghrib today

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*

delay in debt talks could doom greek bailout delay in debt talks could doom greek bailout

 



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*

delay in debt talks could doom greek bailout delay in debt talks could doom greek bailout

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 20:54 2013 Tuesday ,01 October

Qatar sailing championship to begin on October 1

GMT 13:57 2013 Thursday ,03 October

UJ president visits Faculty of Law

GMT 12:52 2012 Saturday ,28 January

Black Rice and Red Lentil Salad

GMT 16:20 2016 Saturday ,20 February

Irradiated mosquitoes to help zap Zika's power

GMT 00:03 2012 Sunday ,22 January

Hayek Gorgeous in Leather dress

GMT 20:18 2016 Thursday ,07 July

Clinton will not face charges over Emails

GMT 08:00 2017 Monday ,27 February

Amazing ideas to decorate a master bedroom

GMT 17:01 2017 Tuesday ,17 October

Iraq president blames Kurdish poll for Kirkuk assault

GMT 05:54 2011 Tuesday ,06 September

Part of brain differs in those with autism

GMT 08:59 2016 Friday ,26 August

Bolivian deputy minister killed by miners

GMT 05:04 2011 Tuesday ,20 September

Heavy to moderate rains in Fujairah

GMT 09:34 2015 Tuesday ,14 April

Armed tribes seise Yemen's only gas terminal

GMT 17:51 2017 Sunday ,23 July

US teen rookie Korda grabs two-shot LPGA lead

GMT 14:01 2016 Thursday ,29 September

Disney announces live-action remake of 'The Lion King'
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib 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 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday