Monday May 25, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurogroup agrees release of 9.2bln-euro January tranche for Greece

The Eurogroup has approved the release of a further 9.2 billion euros in bailout funding for Greece following Mondays meeting in Brussels.

In his last appearance as head of the Eurogroup, Jean-Claude Juncker said Greece has met the requirements for January and that eurozone finance ministers would recommend to the European Financial Stability Facility to release the funding.

It is with satisfaction that we note all the prior actions for January were completed, said Juncker.

In particular, an income tax reform has been adopted and end-user electricity prices for low-voltage customers as well as the levy on renewable energy sources have been adjusted, the ministers said in a statement.

We welcome the commitment of the government to adopt a simplification of the income tax code by spring.

Of the 9.2 billion to be received by Athens, 7 billion euros will go towards covering bank recapitalization and resolution costs.

In his last comment as Eurogroup chief, Juncker stressed the need for the eurozone to protect its periphery members.

"I have great admiration and love for Greece and great admiration for Ireland and Portugal," he said. "I hope those countries will get recompense."

ekathimerini.com , Tuesday Jan 22, 2013 (00:28)  
Greece calls on creditors to compromise as IMF payment nears
VAT adjustment is the way forward
Tender for Thriasio freight center to restart next month
Banks fear NPL sum will reach 100 bln euros
NDs Bakoyannis fears capital controls over long weekend
New Democracy MP Dora Bakoyannis fears that if Greece does not reach an agreement with lenders this week it will be forced to implement capital controls over the weekend. Speaking on Skai TV...
Varoufakis slams media over Riga Eurogroup reporting
Greek Finance Minister Yanis Varoufakis on Sunday admitted he had recorded a euro zone finance ministers meeting and criticised media for reporting lies and innuendos on what transpired at...
Inside News
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
Inside Sports
COMMENTARY
No more quick and dirty fixes for Greece
International Monetary Fund Managing Director Christine Lagarde correctly said last week that the protracted negotiations between Greece and its official creditors required a comprehensive ...
COMMENTARY
The good news and the bad
The good news is that a Greek default will most likely be prevented, a deal will be reached with the countrys creditors and an extension will be granted for negotiations over the next bailo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. NDs Bakoyannis fears capital controls over long weekend
2. Greece calls on creditors to compromise as IMF payment nears
3. Berg brace gives Panathinaikos four-point lead
4. VAT adjustment is the way forward
5. Tender for Thriasio freight center to restart next month
6. Varoufakis slams media over Riga Eurogroup reporting
more news
Today
This Week
1. Greece calls on creditors to compromise as IMF payment nears
2. No more 'quick and dirty' fixes for Greece
3. ND's Bakoyannis fears capital controls over long weekend
4. Greeks back government's red lines, but want to keep euro
5. Greece does not have the money to make June IMF repayment, warns interior minister
6. The good news and the bad
Today
This Week
1. The Greek-German breakthrough that didnt come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.