Thursday October 30, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Germany’s Schaeuble says Greece could be model for Ukraine aid

By Rainer Buergin & Patrick Donahue

German Finance Minister Wolfgang Schaeuble said that European nations looking to throw Ukraine a financial lifeline could use Greece’s bailout as a blueprint.

“If ever we were to reach a situation in which we had to stabilize Ukraine, we would have many experiences from Greece” to draw on, Schaeuble told an audience at the NRW School of Governance in the western German city of Duisburg.

Ukraine and the International Monetary Fund neared the end of bailout talks today, more than a month after the government’s Moscow-backed leader was ousted and regional tension culminated in Russia’s seizure of Crimea. Struggling with dwindling reserves and a looming third recession since 2008, Ukraine will need lending of as much as $20 billion, Finance Minister Oleksandr Shlapak said yesterday.

IMF conditions involving austerity measures spurred unrest and economic hardship in Greece and other countries that received financial rescues during the European debt crisis. Germany led the campaign for fiscal belt-tightening as the preferred approach for overcoming the crisis, which originated in Greece in late 2009.

Noting that Greece is “very, very specific,” Schaeuble lauded efforts undertaken by the government in Athens and cited the country’s recovery from recession. Euro-area authorities have approved two aid programs for Greece totaling 240 billion euros ($331 billion).

“Greece is on a better path than those who are officially concerned with Greece have thought possible,” Schaeuble said in response to questions at today’s event.

[Bloomberg]

ekathimerini.com , Wednesday March 26, 2014 (19:33)  
Italy, Greece banks lead Europe decliners amid capital concerns
European stocks tumble as banks decline after Enria’s comments
Germany’s bonds rise as consumer prices decline in six states
Peripheral banks lead European shares lower after positive start
N17 terrorist struggling to find support, say Greek police
Convicted terrorist Savvas Xeros has failed in his attempt to recruit other urban guerrillas, according to high-ranking sources in the police and anti-terrorism squad. The November 17 member...
Patra mayor defends refusal to hand over employees´ details
Patra Mayor Costas Peletidis on Thursday submitted a four-page written deposition to the prosecutor investigating a group of local authority chiefs who have refused to cooperate with the Adm...
Inside News
SOCCER
Greece drops Samaras for Euro 2016 qualifier
Greece coach Claudio Ranieri has dropped striker Georgios Samaras from the national team after a dismal start to European Championship qualifying. Samaras, who plays for West Bromwich Albion...
BASKETBALL
Panathinaikos and PAOK retain perfect record
The third round of games in the Basket League over the weekend saw PAOK overcome the strong resistance of host KAOD at Drama, and Panathinaikos and Olympiakos inflict heavy losses on AEK and...
Inside Sports
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
COMMENTARY
Cool heads required
It’s time for Athens and Nicosia to deal with the current situation in Cyprus’s Exclusive Economic Zone (EEZ), which a Turkish seismic research vessel has breached against international law,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. N17 terrorist struggling to find support, say Greek police
2. Patra mayor defends refusal to hand over employees´ details
3. Two men to pay off sentences for rape, procurement of schoolgirl
4. Friday deadline for flood damage compensation applications
5. IMF cautions Greece on early withdrawal from program
6. In Athens, NATO chief sees spike in Russian flights on border
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. Over 1,500 buildings and vehicles damaged in flash floods
5. European stocks tumble as banks decline after Enria’s comments
6. Peripheral banks lead European shares lower after positive start
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Austria’s creative bookkeeping beats Greece on secret debts
3. Cyprus to block Turkey's EU talks after EEZ violation
4. End of reason, end of humanity
5. Clean bill of health for Greek banks from stress tests
6. Samaras pledges action after flash floods in Athens
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.