Friday February 27, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Finance Ministry insists Greece is fully funded until mid-2015

Greece’s Finance Ministry has insisted that the country is fully funded until the summer of 2015 in the wake of comments by German Finance Minister Wolfgang Schaeuble that a new loan package of less than 10 billion euros would be needed.

“As is known and was accepted at the last Eurogroup, Greece’s funding needs are covered until mid-2015,” the Finance Ministry said on Sunday.

“For the 2015-16 period the country’s financing needs will depend to a great degree on the results of the bank stress tests that will be carried out by the European Central Bank on a pan-European level.”

The ministry issued the statement after SYRIZA pointed out Schaeuble’s comments and the International Monetary Fund noting that further fiscal adjustment is needed as evidence that the government’s policies are not working.

“The government cannot hide its devotion to a catastrophic policy that is exhausting the Greek population and includes new measures that are against the interest of society,” said SYRIZA. “Nor can it hide that the public debt, the basis for the memorandums, is in no way sustainable.”

The Finance Ministry accused SYRIZA of populism and “seeing ghosts everywhere.”

"In 2022, according to the troika's forecasts, Greece's debt will reach a level that can be described as sustainable so it may be that Greece will need to make use of limited aid again,» Schaeuble told Focus magazine.

Such a package would be a «much smaller sum than in the first two programs - so more like a one-digit billion amount,» he said.

ekathimerini.com , Monday June 2, 2014 (09:27)  
Restive Bundestag to approve Greek bailout extension
German MPs begin debate on extending Greek bailout program
Minister says he hopes that ENFIA ends
Postponing an IMF tranche ‘means default’
German lawmakers approve extension of bailout program for Greece
German lawmakers approved an extension of Greece’s loan program after Chancellor Angela Merkel’s coalition staved off dissent from bailout-weary members in its own ranks. With Merkel’s gover...
Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
A First Instance Court prosecutor on Friday ordered an investigation into claims of abuse of detainees at the immigrant detention center in Amygdaleza, northwest of Athens. The prosecutor, I...
Inside News
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
BASKETBALL
Greens lose at Maccabi but preserve head-to-head advantage
Panathinaikos suffered its third loss in eight games at the second stage of the Euroleague going down 73-70 at Maccabi Tel Aviv on Thursday, but has preserved its better head-to-head record ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
EDITORIAL
Give the green light
Foreign investment is a crucial component of economic recovery and Greece needs to start bringing it in fast. Instead, the government, like others before it, is scaring it off in a bid to sa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. German lawmakers approve extension of bailout program for Greece
2. Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
3. Restive Bundestag to approve Greek bailout extension
4. German MPs begin debate on extending Greek bailout program
5. Tsipras reversal draws Greek sympathy as party rumblings rise
6. Ten-man Olympiakos couldn´t overcome Dnipro
more news
Today
This Week
1. Tsipras reversal draws Greek sympathy as party rumblings rise
2. German MPs begin debate on extending Greek bailout program
3. Restive Bundestag to approve Greek bailout extension
4. Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
5. German MPs begin debate on extending Greek bailout program
6. German lawmakers approve extension of bailout program for Greece
Today
This Week
1. Greece prepares extension request for eurozone approval
2. Time for Alexis Tsipras to keep his nerve
3. Stubborn but not almighty
4. Greek bailout deal faces review by euro officials next week
5. Greece says eurozone deal won time as cash bled from banks
6. The ignorance of the West about the culture of Islam
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.