Monday March 2, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone-IMF deal on debt will keep Greece in euro, says Stournaras

Greeces Finance Minister, Yiannis Stournaras, says a decision brokered between the eurozone and the International Monetary Fund to adopt a series of steps to reduce Greek public debt will keep the country in the euro.

Todays decision by the Eurogroup and IMF is important because it keeps Greece in the euro, it gives it a significant chance of getting out of the cycle of recession and over-indebtedness and contributes to the reduction of its debt, he said after some 12 hours of talks resulted in an agreement early Tuesday.

The deal also sees Greece receiving next month about three quarters of the 44 billion euros in bailout payments it was due to get this year. The rest will come in instalments at the beginning of next year.

Stournaras said the further lowering of interest rates at which Greece is being lent money by its eurozone partners is a major boost.

Greece is now a country that is borrowing at a very low rate compared to other countries in the euro area, he said.

The finance minister added that this was an opportunity for the country to use to positive effect. He stressed the importance of implementing structural reforms.

Stournaras was tight lipped on the bond buyback program that Greece will have to execute by December 12 as part of its debt reduction scheme.

He thanked Prime Minister Antonis Samaras, saying that his decisiveness had been instrumental in getting all the necessary legislation passed in time for the Eurogroup meetings over the last two weeks.

ekathimerini.com , Tuesday November 27, 2012 (08:04)  
Greece to make international protest over Turkey reserving Aegean air space
Spanish PM hits back at Greek accusation of anti-Athens axis
Greeces lenders skeptical on new bills but focus on funding needs
Lenders to be consulted over collective bargaining
ANALYSIS
Greek debt becoming less sustainable
The agreement between the Greek government and its lenders, which was sanctioned by the Eurogroup last Tuesday, appears to be more of a respite and less of a sea change in the relationship b...
No progress seen in tax administration
Tax evasion loopholes remain wide open in Greece, the monitoring mechanisms are still shackled to political power, and an apparent determination to adhere to all laws and regulations conceal...
Inside Business
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, because it is in no ones interest, as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece to make international protest over Turkey reserving Aegean air space
2. Super League to seek way out of impasse
3. Greek debt becoming less sustainable
4. No progress seen in tax administration
5. House protection criteria will benefit wealthy borrowers, too
6. Agenda
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greece's lenders skeptical on new bills but focus on funding needs
3. Schaeuble softens tone, says Greece 'needs time'
4. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
5. Lenders to be consulted over collective bargaining
6. Spanish PM hits back at Greek accusation of anti-Athens 'axis'
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. A fierce battle looms
3. The ignorance of the West about the culture of Islam
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. SYRIZA feeling the pain
6. The unlikely winners of Greece's surrender on euro
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.