Tuesday April 21, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel has no majority for reported Greek aid, FDP’s Fricke says

Chancellor Angela Merkel would fail to secure the backing of her coalition for as much as 20 billion euros in extra aid for Greece, said Otto Fricke, her junior coalition partner’s budget spokesman.

Fricke was speaking after Handelsblatt newspaper cited an agreement between the Greek government and its international creditors as saying that Greece will get a loan of 16-20 billion euros to supplement its second rescue package while gaining an extra two years to reach its deficit targets. Germany’s parliament would need to approve the loan.

Fricke, a Free Democratic Party lawmaker, told reporters in Berlin on Thursday that he sees “no majority for such a thing.”

Greek Finance Minister Yannis Stournaras caused investor confusion on Wednesday when he told lawmakers in Athens that Greece had won approval for its bid to secure a two-year extension to 2016 for its bailout program. The European Commission and European Central Bank denied that a deal had been struck, with ECB President Mario Draghi saying that the so-called troika’s review of Greece’s finances “is not finished yet.”

Euro-area states will probably agree on the fresh loan for Greece on Nov. 12, Handelsblatt reported. The interest on outstanding rescue loans may be cut, with the date for their redemption extended beyond 2020, it said.

German Deputy Finance Minister Steffen Kampeter said that the government must await the report on Greece’s progress in meeting internationally agree targets compiled by the troika of the EU Commission, the ECB and the International Monetary Fund.

“But it’s clear there will be deviations from what was agreed,” he told reporters on Wednesday. “It’s just as clear that the German Bundestag will have to deal with these deviations” from the agreed plan.

Germany’s best-selling newspaper, Bild, reported Stournaras’s comments on its front page on Thursday, saying that Greece is poised to get “more time and money.”

“Our politicians have told us fairytales again,” it said.

[Bloomberg]

ekathimerini.com , Thursday October 25, 2012 (16:12)  
UN urges Europe to put asylum at center of Mediterranean debate
More than 120 migrants reach Greek shores, a day after fatal sinking
Greek municipalities outraged by state move to use funds
EU proposes doubling rescue effort, schedules crisis meeting on Thursday
Euro-area debt levels surge to record, led by Greece
Government debt in the euro area surged to the highest levels since the introduction of the single currency, underscoring the challenges still confronting the 19-nation bloc as it wrestles w...
ECB studying curbs on Greek bank support
The European Central Bank is studying measures to rein in Emergency Liquidity Assistance to Greek banks, as resistance to further aiding the country’s stricken lenders grows in the Governing...
Inside Business
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
Inside Sports
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
EDITORIAL
Silence is not an option
There is no shortage of politicians, lobbyists and unionists from the center right who have backed the government, whether tacitly or explicitly. Naturally, when it was first elected, the go...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. UN urges Europe to put asylum at center of Mediterranean debate
2. More than 120 migrants reach Greek shores, a day after fatal sinking
3. Greek municipalities outraged by state move to use funds
4. EU proposes doubling rescue effort, schedules crisis meeting on Thursday
5. Greek PM to meet German chancellor on sidelines of immigration meeting
6. Euro-area debt levels surge to record, led by Greece
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
4. Silence is not an option
5. No ferries on Labor Day as seamen take industrial action
6. ECB studying curbs on Greek bank support
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. Putting off payments led to Q1 budget primary surplus
5. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.