Tuesday October 21, 2014 Search
Weather | Athens
24o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurogroup reaches agreement on Greek debt

Eurozone finance ministers have reached and agreement with the International Monetary Fund over how to make Greece’s debt sustainable.

The details of the agreement are not yet available but reports suggest that the two sides agreed after about 12 hours of talks that Greek debt should stand at 124 percent of GDP in 2020.

Greece also looks set to get the 44 billion euros of bailout funding it expected this year, although this may come in three instalments, according to reports.

Leaving the meeting in Brussels, European Central Bank president Mario Draghi, hailed the agreement.

"I very much welcome the decisions taken by the ministers of finance,” he said. “They will certainly reduce uncertainty and strengthen confidence in Europe and Greece."

The ECB is reportedly set to return to Athens 11 billion euros of profits from its purchase of Greek bonds as part of the effort to reduce the country’s debt.

ekathimerini.com , Tuesday November 27, 2012 (02:19)  
Greek gov´t calls on parties to condemn Maziotis threat
Austrian president begins two-day visit to Greece
Athens police arrest teen suspected of abduction, burglary
Greek farmers warn they´re warming up for protests
Athens bourse index leaps on big bank gains
The third straight day of Greek stock market gains brought the benchmark close to the 1,000-point mark on Tuesday, as investors are pricing in expectations for a very positive result to the ...
Think-tank says political uncertainty slowing investment in Greece
Political uncertainty ahead of a presidential vote early next year is dampening investment appetite in Greece, the Athens-based IOBE think-tank said on Tuesday as it confirmed its previous f...
Inside Business
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
The ECB collateral for Greece must be lowered to 5 pct
According to recent reports, the European Central Bank plans to reduce the “57 percent penalty,” that is the discount applied to almost all Greek government bonds (GGBs) held as collateral b...
INTERVIEW
The past, present and future of the Greek debt crisis
For a decade, until mid-2012, Josef Ackermann was the CEO at Deutsche Bank. It was a position that earned him the nickname “shadow chancellor” of Germany and allowed him to play a decisive r...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek gov´t calls on parties to condemn Maziotis threat
2. Austrian president begins two-day visit to Greece
3. Athens police arrest teen suspected of abduction, burglary
4. Athens bourse index leaps on big bank gains
5. Greek farmers warn they´re warming up for protests
6. Accomplice of Greece´s Number 1 fugitive arrested while trying to leave country
more news
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Gang importing heroin into Greece busted
3. Self-opposing coalition
4. Gutsy rectors
5. Applications for heating oil subsidy set to start
6. SDOE to probe Proton Bank loan to Thessaloniki businessman
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Istanbul skyscraper casts shadow over Greece's banking ambitions
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.