Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU: Greece to receive 5.2 bln euros in aid loans on Thursday

Greece will receive a 5.2-billion-euro tranche of bailout loans as anticipated on Thursday, despite rising uncertainty over the country's political future, the European Commission said.

"The payout will take place because it has already been approved, Amadeu Altafaj, spokesman for European Union economy commissioner Olli Rehn, told AFP by telephone on Wednesday.

Athens was also warned by Luxembourg on future loans as Foreign Minister Jean Asselborn said that money would not be forthcoming unless Greece installed a stable government.

"We have to say to the Greek people right now that the situation is serious, that no European Union country will be able to release even a portion of the 130 billion euros for the Greeks, if there is no functioning government that respects the rules and manages the disbursed money, he said in Brussels.

A spokesman for another eurozone country said: It's clear people are very worried about what is happening in Athens."

Eurozone finance ministers are due to meet on Monday in Brussels.

The leader of the Greek radical left-wing Syriza party charged with forming a government, Alexis Tsipras, planned to write Wednesday to the highly indebted nation's overseas lenders that Athens would renege on its austerity commitments.

In Athens, Gikas Hardouvelis, economic advisor to outgoing Prime Minister Lucas Papademos, warned that Greece's future was up in the air after voters in Sunday elections deserted the mainstream parties which have endorsed tough EU and International Monetary Fund bailout conditions.

"If we say no to everything, we leave the eurozone, Hardouvelis said. Greece is due to repay on May 15 around 450 million euros of bonds that holders refused to write down under a restructuring of private debt.

Athens is also scheduled to return [some 3.3 billion euros to the European Central Bank by May 18.

[AFP]

ekathimerini.com , Wednesday May 9, 2012 (16:23)  
Trade deficit grows 9.5 pct in Jan-May
Number of 5-star hotel rooms rises 31.4 percent in four years
Greeks get slightly less downbeat
Banks reluctant to issue credit
MP steps in to get power back on at invalids home
An MP had to intervene to get the electricity supply restored to the home of a man who requires a machine to help him breathe just days after a woman on life support died in Hania, Crete, as...
Civil servants who changed contracts to undergo checks
State inspectors are to begin checking the circumstances under which thousands of people working in the public sector had their fixed-term contracts switched to open-ended deals in the years...
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...
SOCCER
Olympiakos downs AC Milan 3-0 in friendly
Greek champion Olympiakos defeated Italy's AC Milan 3-0 late on Thursday in a friendly match that launched the International Champions Cup in Canada and the US. The result, with goals from A...
Inside Sports
TALK
What lessons can we draw from antiquity?
Our theme is limits. And we are gathered here at this limit of Europe, close the to sea: the limitless, the boundless. And we face all sorts of limits. There are the limits of knowledge fa...
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...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Trade deficit grows 9.5 pct in Jan-May
2. Number of 5-star hotel rooms rises 31.4 percent in four years
3. Greeks get slightly less downbeat
4. Banks reluctant to issue credit
5. MP steps in to get power back on at invalids home
6. Civil servants who changed contracts to undergo checks
more news
Today
This Week
1. Greek coast guard picks up 77 migrants off Myconos
2. Draghi safety net becoming blindfold as bonds soar
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. Godfather, 35, shot at Karditsa christening dies
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.