Friday Jan 30, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika assumes 2-year extension of Greek programme, official says

All analysis made by international lenders of Greece's fiscal adjustment path are done on the assumption that Athens will have two extra years to reach its primary surplus target, but there is no official decision yet, a senior EU official said.

"There is no decision on anything yet, but I have reason to believe that the troika (of lenders) has been producing all of its reports and fiscal analyses and adjustment paths on the basis of an additional two years to reach a primary surplus of 4.5 percent of GDP,» the official said on Friday.

Greece was to reach such a primary surplus, which would allow it to stabilise its debt, originally in 2014, but now that deadline is likely to be moved to 2016.

The official said the extra time would require new financing from the eurozone, but did not give any specific figures. Other officials earlier estimated the additional financing needs at 30 billion euros.

He also noted that even though eurozone finance ministers were unlikely to make a final decision on unfreezing emergency loans to Greece on Monday, Athens would not default, by accident or otherwise, on the treasury bill redemption due on Nov. 16.

[Reuters]

ekathimerini.com , Friday November 9, 2012 (14:56)  
Greece to cancel gas utility sale, opposes Canadian gold mine
Berlin: Greek aid extension only makes sense if Athens upholds reforms
Pimco says Greek bonds illiquid, volatile until accord reached
Draghi deflation challenge underlined as prices plunge by record
New Greek PM to visit Cyprus on first foreign trip
Greece's new Prime Minister Alexis Tsipras is to travel to close ally Cyprus on Monday for his first visit abroad since his election victory, Cypriot officials said. On a brief visit to Gree...
No plan for when Greece´s bailout ends, Dijsselbloem says
A top eurozone finance official says there is no decision so far on what to do after Greece’s bailout program runs out at the end of next month. Jeroen Dijsselbloem, the Dutchman who chairs ...
Inside News
SOCCER
Olympiakos draws AEK in Cup quarterfinals
The dream draw of Olympiakos vs AEK in the quarterfinal materialized on Friday, as two of the capital's three giants will face off in a two-leg tie for a place in the semifinals of the Greek...
BASKETBALL
Below-par Olympiakos succumbs to Efes
The winning streak of Olympiakos in the second group stage of the Euroleague ended on Thursday in Turkey, as Anadolu Efes outclassed the Reds in the second half to win 84-70. Olympiakos had ...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New Greek PM to visit Cyprus on first foreign trip
2. No plan for when Greece´s bailout ends, Dijsselbloem says
3. Greece rejects return of EU-IMF inspectors to Athens, source tells Reuters
4. Greece to cancel gas utility sale, opposes Canadian gold mine
5. Ex premier Karamanlis said to reject SYRIZA offer for presidential candidacy
6. Berlin: Greek aid extension only makes sense if Athens upholds reforms
more news
Today
This Week
1. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
2. Why Greece went left while Europe turns to right
3. Capital flees Greece at fastest pace since 2011
4. Greek government's signals very mixed, ECB's Jazbec says
5. Monastiraki restaurant fire prompts panic, restricted before spread
6. EU's Schulz: Greece should follow EU line on Russia
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
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.