Friday April 18, 2014 Search
Weather | Athens
15o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras eyes loans at Eurogroup as Samaras prepares for China

As Finance Minister Yannis Stournaras prepares to meet with his eurozone counterparts again in Brussels on Monday for the anticipated approval of further rescue funding, Prime Minister Antonis Samaras is busy preparing for a much-awaited visit to China where he hopes to prospect for investments and promote Greece as a “bridge” to Western Europe for the booming Asian economy.

Athens is hopeful that Monday’s Eurogroup summit will give the green light for the release of a 4.2-billion-euro loan tranche. Stournaras and his team have been scrambling to sign off all the ministerial decisions and circulars that implement the provisions of a multi-bill voted through Parliament last month though there are still fears that objections might be raised in Brussels that some of the agreed-to measures are not being enforced.

In view of this uncertainty, it remains unclear whether Stournaras will press his eurozone peers to approve another 3.3-billion-euro installment of aid slated for the second quarter of 2013, as he had suggested he would last week.

Greece’s delegation to China appears to be traveling with fewer concerns. Samaras is flying to Beijing on Wednesday flanked by around 60 Greek entrepreneurs from several sectors including shipping, tourism, banking and new technologies, as well as officials of the state privatization fund, TAIPED. The premier harbors high hopes for his five-day visit to China, which will include talks with Chinese government officials and entrepreneurs, Kathimerini understands. The fact that Samaras is the second European leader, after French President Francois Hollande, to be invited to Beijing by the country’s new political leadership, is being interpreted as a promising sign for Greece and its hopes to boost trade ties with China. The Chinese have reportedly expressed particular interest in the tourism sector with Chinese travel agencies said to be keen to offer more Greek packages. There is also said to be strong Chinese interest in Greek regional ports and airports following the successful investment by shipping firm Cosco in the cargo terminals of Piraeus.

The strengthening of business ties between Greece and China come amid reports that several American and European investors – businesses and hedge funds – are planning strategic moves in the Greek market.

ekathimerini.com , Saturday May 11, 2013 (16:00)  
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Government looks to kick on
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Primary surplus continued by end-March
The budget’s cash results for the first three months of the year pointed to a primary surplus of 771 million euros, according to data published on Thursday by the Bank of Greece. When revenu...
Inside Business
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Former Red Bourousis wrecks Olympiakos´s hopes for a break
2. PPC to issue corporate bond of 500 mln
3. Greece offers to help find Turkish F-16 lost in 1996
4. Primary surplus continued by end-March
5. Eurobank eyes top Core Tier 1 level in Greece
6. Tourist spending up 17.3 pct
more news
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Seven arrested over Toumba violence
5. National Bank of Greece plans senior unsecured bond sale
6. Greek current account deficit widens in February
Today
This Week
1. Bomb explodes outside Bank of Greece
2. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
3. Samaras sees no need for third bailout
4. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
5. Parties start announcing candidates for European Parliament elections
6. Greece's market return mirrors return of tourists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.