Thursday Jan 29, 2015 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Juncker says conditions in place for new Greek bailout

The head of the Eurogroup, Jean-Claude Juncker, says the eurozone is in a position to grant Greece final approval for its new bailout following the completion of its debt restructuring scheme, or PSI.

“The eurogroup was encouraged by the high private sector participation in Greece's debt exchange offer, which will make a significant contribution to improve Greece's debt sustainability,” said Juncker in a statement.

The bondholders who took part in the swap will receive AAA-rated bonds backed by the eurozone’s crisis fund, the EFSF, in exchange for the notes that will undergo the haircut. Juncker said that this exchange would go ahead.

“Against this background, the disbursement of the euro area's contribution to the PSI operation in the form of EFSF bonds for the settlement of the Greek-law bonds as well as the accrued interest on the exchanged bonds can proceed as planned,” he said.

The Luxembourg prime minister added that everything is in place for the eurozone to approve the 130-billion-euro bailout for Greece.

“The Eurogroup considers that the necessary conditions are in place to launch the relevant national procedures required for the final approval of the euro area's contribution to the financing of the second Greek adjustment program,” he said.

“The Eurogroup looks forward to a significant contribution by the IMF to the financing of the new Greek program,” added Juncker.

ekathimerini.com , Friday March 9, 2012 (15:42)  
Greek banks rebound as gov´t cites inexperience for remarks
Greek bond drop sends yield to 16-month high on debt wrangling
Varoufakis to meet Italian counterpart in Rome next week
Billionaires from Loeb to Vekselberg heed call of Cyprus banks
No problems with pensions, says Stratoulis
Alternate Minister for Social Security Dimitris Stratoulis reassured Greek pensioners on Thursday that payments were not facing any kind danger. Speaking on Antenna TV he noted that pensions...
Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
US President Barack Obama has congratulated newly-elected Greek Prime Minister Alexis Tsipras on his recent election victory. News of a phone conversation between the two leaders late on Wed...
Inside News
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
New Democracy’s challenges
There is a good deal of unease in New Democracy, and not just because of the defeat it suffered in Sunday’s polls. That had been expected, despite the optimistic and combatant messages from ...
EDITORIAL
Keep politics out of school
A few years ago the Greek Parliament ratified a law for a complete overhaul of the tertiary education system with a solid majority of 255 votes from 300 MPs. Since then, with the exception o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek banks rebound as gov´t cites inexperience for remarks
2. No problems with pensions, says Stratoulis
3. Greek bond drop sends yield to 16-month high on debt wrangling
4. Varoufakis to meet Italian counterpart in Rome next week
5. Obama congratulates Tsipras, says US looking forward to helping Greece return to prosperity
6. Billionaires from Loeb to Vekselberg heed call of Cyprus banks
more news
Today
This Week
1. Greece wants a debt break, but what about its poorer neighbors?
2. Investors turn on Tsipras’s campaign to end austerity in Greece
3. $11 billion wiped from Greek banks on nationalization threat
4. Varoufakis says Russia row not about sanctions, but proper consultation
5. ECB' Coeure tells Greece: stick to 'rules of game'
6. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Greek Elections 2015: The day after | LIVE
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.