To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Zuckerberg discussed "TikTok danger" during private dinner with Trump

Facebook spokesman says that Zuckerberg 'cannot remember' discussing the issue of TikTok wit...



Greece's debt: I am sure that we will overcome differences



German Finance Minister Wolfgang Schaeuble on Tuesday expressed confidence that the international creditors of Greece will be able to overcome their differences and after three weeks come to an agreement on the allocation of Greece the next tranche of macro-financial assistance.



25.May.17 12:15 PM
By Christina Orlina
Photo Toinnov.com

   371

Greece's debt: I am sure that we will overcome differences
The Eurogroup hopes to transfer to Athens about seven billion euros until the summer holiday season, which in Europe begins in July. The issue will be discussed at the next meeting of the Finance Ministers of the Eurozone country on 15 June in Luxembourg, upon completion of the second report on progress in Greek reforms.

A message for the people of Athens: “Nothing can be done with debt and will not recover from such a situation in the economy. Think lenders are taking their time for whatever their reasons. I have an aversion to what is happening. I don't expect anything from the government, not hope for them, I'm sure every word of the authorities is a lie”.

International creditors have approved in the summer of 2015 third program of credit support of Greece amount to 86 billion euros. However, the allocation of her second tranche of loans to Athens is delayed for more than a year. The transfer of funds constantly delayed due to disagreements about the content of the package of reforms aimed at further reduction of budget expenditures.

The IMF insists on a new debt restructuring and under this condition only willing to give Greece more financial support on his line. However, Euro area countries, which are the main creditors of Athens, not yet ready to go to new facilitate repayment of loans to Greece.



Back to the list


Related Information: