Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurogroup urges Greece and troika to conclude review this week

Finance Minister Yannis Stournaras came under pressure from his Eurogroup counterparts in Brussels on Monday for Greece to reach an agreement with the troika on the long-running review of its fiscal adjustment program by the end of the week, sources said.

During the meeting, fellow eurozone finance ministers are said to have expressed disappointment at the lack of progress with structural reforms, although they recognized that Greece was now on much sounder ground fiscally.

Eurogroup chief Jeroen Dijsselbloem had stressed before the meeting the need for Greece and troika to conclude the review, which has dragged on for more than 170 days.

“It is important for us, and especially for Greece, that the troika and the Greek government arrive at an agreement very soon,” he said.

During the meeting in Brussels, eurozone finance ministers approved the disbursement of Cyprus’s next bailout tranche, which is worth 150 million euros.

In Athens, government sources revealed that Greece is under pressure from the troika to submit to Parliament a new legal framework governing the recapitalization of Greek banks. The new law would allow the bank recap fund, the Hellenic Financial Stability Fund (HFSF), to sell shares it has acquired in Greek lenders at a lower price than had been initially planned.

The HFSF argues that it will make up any shortfall because the remainder of the bank shares it holds will increase in value if Greece’s four systemic banks – Piraeus, National, Alpha and Eurobank – are recapitalized with private funds, particularly if they come from abroad.

Opposition parties, however, are certain to oppose such legislation. SYRIZA has said it is against a move to sell bank shares at lower prices. Yesterday, the leftist party also said it would publicly question the stress test results published by the Bank of Greece last week, which put Greek banks’ total capital needs at 6.4 billion euros.

Sources said that the government is also concerned about the stance of former Prime Minister George Papandreou and those within PASOK who are still loyal to him.

ekathimerini.com , Monday March 10, 2014 (20:41)  
Government to propose committee to examine Greece´s memorandums
Senior member of Merkel´s bloc resigns over Greek bailout
Greece, EU/IMF lenders end round of technical talks without deal
Hospital doctors give deadline for new hires, back pay
Russian firms to bid for Greek oil and gas drilling tender, says energy minister
Greece's energy minister said on Tuesday that major Russian firms will take part in a Greek tender for deep-sea oil and gas exploration, after the cash-strapped country extended the bidding ...
ANALYSIS
How Grexit bill could dig deep into ECB pockets
FRANKFURT - A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill. As politic...
Inside Business
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Russian firms to bid for Greek oil and gas drilling tender, says energy minister
2. Government to propose committee to examine Greece´s memorandums
3. Senior member of Merkel´s bloc resigns over Greek bailout
4. How Grexit bill could dig deep into ECB pockets
5. Greece, EU/IMF lenders end round of technical talks without deal
6. Hospital doctors give deadline for new hires, back pay
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. A pointless debate
3. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
4. Greek government proposes measures worth 3.7 bln
5. Investment guru Mark Mobius rules out Grexit, advises sell-offs
6. Shops to open Sunday ahead of Easter holidays
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.