Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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 Greeces 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 countrys debt.

ekathimerini.com , Tuesday November 27, 2012 (02:19)  
Trial over 2013 murder of pawn merchant starts in Athens
Rain and storms with hail expected in many parts of Greece
Education minister calls for probe into predecessors reform plan
Anti-racism bill goes back to Parliament
New committee formed to assess progress of deregulation in closed-shop professions
A new committee consisting of 40 officials from the relevant ministries has been formed by Finance Minister Gikas Hardouvelis to assess the progress of liberalization measures introduced sin...
Tourism targets rise ever higher
The latest data have allowed the Hellenic Association of Tourism Enterprises (SETE) to raise its target for tourism arrivals and revenues this year higher still. During a meeting with main o...
Inside Business
SOCCER
Unlikely pair on the Super League summit
Veria and Atromitos are sitting pretty at the top of the Super League after the second round of games thanks to their away wins that made them the only clubs to have six points, as champion ...
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the peoples favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Unlikely pair on the Super League summit
2. Trial over 2013 murder of pawn merchant starts in Athens
3. New committee formed to assess progress of deregulation in closed-shop professions
4. Rain and storms with hail expected in many parts of Greece
5. Greek hoopsters go top of their group in World Cup
6. Tourism targets rise ever higher
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Moderating expectations
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Trial over 2013 murder of pawn merchant starts in Athens
6. Excavation work at Amphipolis reveals section of marble mosaic floor
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.