Friday April 25, 2014 Search
Weather | Athens
21o C
15o 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)  
Work at new Athens cultural center gathering pace
Greece makes request for debt relief as loan tranche approved
New court to deal with major crime, graft cases
More than 20,000 protests since 2010 bailout
Ellaktor lands major Doha metro project
Ellaktor subsidiary Aktor has secured the biggest construction project ever obtained by a Greek company abroad by signing the contract for the study and construction of the Gold Line Undergr...
World seeks produce from Greece
Honey from Greece is considered a worthy wedding present in Japan. Elsewhere in Asia, gifts of Greek melons are wrapped up in packaging normally associated with jewelry. This country’s fish ...
Inside Business
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ellaktor lands major Doha metro project
2. World seeks produce from Greece
3. Eurobank opens book for capital increase
4. Gov’t presents its growth model for the coming years
5. Work at new Athens cultural center gathering pace
6. Greece makes request for debt relief as loan tranche approved
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Putting the party above the country
3. Three missing from cargo ship that went down off Crete
4. Central Athens cleanup a sign of Greece's turnaround
5. Strong card in debt talks
6. Samaras meeting with Dimon key to Greek return to bond markets
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. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.