Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurogroup to release 1 bln for Greece as troika prepares for return to Athens

Mondays Eurogroup is expected to give the formal go-ahead for 1 billion euros in bailout funding to be released for Greece as the troika prepares to return to Athens.

The Euro Working Group signed off last week on the next sub-tranche after deeming that Greece had completed the six prior actions needed. As a result eurozone finance ministers are expected to instruct the European Stability Mechanism to transfer the 1 billion euros to Athens.

Finance Minister Gikas Hardouvelis will also brief his counterparts on Greeces progress in completing six more prior actions needed to unlock another 1-billion-euro sub-tranche.

Attention will then shift to the return of troika chiefs to Athens. Poul Thomsen of the International Monetary Fund, Klaus Masuch of the European Central Bank and Declan Costello of the European Commission are due in Athens on Wednesday. Their visit is expected to last around 10 days.

Apart from checking on the governments progress with the remaining prior actions, the troika representatives will also look at Greeces budget execution and the fiscal implications of court decisions to restore wages in the armed forces and emergency services to pre-crisis levels.

Hardouvelis will also have to decide whether to proceed with plans for a new bond issue. Greece is considering tapping the markets again with a 3-year note worth 2.5 to 3 billion euros but wants to do it by Thursday, before any negative developments from the troika's visit have a chance of affecting yields.

ekathimerini.com , Monday Jul 7, 2014 (10:33)  
Troika concludes review in Cyprus
Bank deposits rise for fourth straight month in June
Aegean Airlines resumes flights to Tel Aviv
Draghi safety net becoming blindfold as bonds soar
Greeks less satisfied with their lives, survey shows
While three quarters of Europeans (75 percent) are satisfied with their lives, only 42 percent of Greeks appear satisfied with their personal situation (compared to 58 percent in autumn 2013...
Godfather, 35, shot at Karditsa christening dies
A 35-year-old man who was being treated in an intensive care unit at the general hospital of Larissa, central Greece, for gunshot injuries suffered at christening last Sunday, died on Friday...
Inside News
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. I l...
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
Inside Sports
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the countrys fate since then are unable to act their age. For decad...
EDITORIAL
Putting the past behind us
Democracy was restored in Greece 40 years ago and the country owes a debt to Constantine Karamanlis for handling the transition and anchoring the country firmly in the safe port of Europe wi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Ranieri says he has little to change in Greek national team
2. Greeks less satisfied with their lives, survey shows
3. Troika concludes review in Cyprus
4. Godfather, 35, shot at Karditsa christening dies
5. EOPYY removes medical tests as part of streamlining efforts
6. Bank deposits rise for fourth straight month in June
more news
Today
This Week
1. Draghi safety net becoming blindfold as bonds soar
2. Greek coast guard picks up 77 migrants off Myconos
3. Aegean Airlines resumes flights to Tel Aviv
4. Police report points to less crime in 2014
5. Thousands of dead fish surface in Lake Pamvotis
6. EOPYY removes medical tests as part of streamlining efforts
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Unequal after death
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.