Wednesday April 16, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU officials to finalize loan deal structure

 A eurozone working group was convening on Wednesday ahead of a Cabinet meeting in Athens

The euro zone group of finance ministers’ working group was to convene in Brussels on Wednesday in a bid to finalize the structure of the rescue package that is to be dispensed to Greece over the coming years.

In Athens meanwhile the Cabinet is to convene at 3 p.m. in order to approve Greece’s 130-billion-euro loan agreement with its foreign lenders, the Foreign Ministry said.

On Thursday, the loan deal is to be signed by Greece and its partners, according to Finance Minister Evangelos Venizelos.

Venizelos said on Tuesday that Greece would receive a total of 172.7 billion euros from the euro zone and IMF until the end of 2015. Of this, 130 billion euros will be from the second bailout, 34.5 billion euros that was left over from the first package and 8.2 billion euros that will be part of the 28 billion in total that the IMF will provide.

In contrast with the first bailout, Greece will receive the loans in small, monthly installments. The IMF will provide 1.65 billion a month until the end of 2014 and the euro zone will supply the rest. In total, Athens will receive 5.9 billion euros this month, 3.3 billion euros in April and 5.3 billion in May.

Greece’s relief at having its new bailout approved in principle on Tuesday was tempered by the publication of a European Commission report on the Greek economy, which foresees Athens having to adopt almost 12 billion euros of austerity measures in 2013 and 2014

ekathimerini.com , Wednesday March 14, 2012 (10:43)  
PASOK plays down coalition row over scheme for homeless
Greece´s new public sector wage structure ready in September
Release for 2 more guards detained after Kareli´s death
UNHCR urges Athens to rethink migrant detention periods
IBM to open new center in Athens for big data analytics
International technology giant IBM is moving ahead with the creation of a new corporate data analysis center in Greece, aimed at providing solutions and strengthening the competitiveness of ...
Benefits to all single-parent families and new unemployed
As of Thursday, those hardest hit by the financial crisis will be able to submit applications for collecting their share of the social dividend – i.e. the government handouts stemming from t...
Inside Business
BASKETBALL
Defense lets Olympiakos down at Madrid
Olympiakos played second fiddle to Real Madrid in a rather spectacular game in Spain on Tuesday going down 88-71 to trail 1-0 in the best-of-five quarterfinal series with the Spanish giant. ...
SOCCER
Apollon is relegated, Xanthi to face survival play-off
Apollon followed Aris to the second division and Xanthi will contest a relegation play-off, as the end of the regular season of the Super League on Sunday produced predictable results that a...
Inside Sports
EDITORIAL
Fundamental contradictions
The deep division running through the ranks of the country’s main opposition party regarding the euro and how Greece’s negotiations with its partners and creditors ought to be carried out is...
COMMENTARY
Empty vessels
US satirist and journalist Patrick Jake O’Rourke once said about American politics, “The Republicans are the party that says government doesn’t work and then they get elected and prove it.” ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Defense lets Olympiakos down at Madrid
2. IBM to open new center in Athens for big data analytics
3. Benefits to all single-parent families and new unemployed
4. Supermarket chains sense worst is yet to come
5. Cost of borrowing via T-bills drops to pre-bailout levels
6. Eurobank reaps major investor interest
more news
Today
This Week
1. Greece's market return mirrors return of tourists
2. GD lawmaker hails Hitler, condemns homosexuality in interview
3. Suspected smuggler dies after trying to ram Coast Guard vessel off Kos
4. New Democracy to confirm list of candidates for Euro elections
5. Greek far right fires up Athens election campaign
6. Anchor investors bid for chunk of Greek Eurobank's share offer
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Samaras sees no need for third bailout
6. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.