Tuesday April 21, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece to table request for debt relief at May 5 Eurogroup, says Stournaras

Greece will put the issue of further debt relief on the agenda at the May 5 Eurogroup, Finance Minister Yannis Stournaras told businessmen in Athens on Monday.

“Eurostat’s announcement [last week on Greece’s primary surplus] has opened the path on a discussion about debt relief based on what had been agreed with our partners,” he told the 3rd Hellenic - Chinese Business Partnering Conference.

“Greece will table this issue at the next Eurogroup, on May, so the discussion can begin,” added Stournaras.

Last Thursday - a day after the European Commission confirmed that Greece’s surplus for 2013, as calculated using the troika’s methodology, stood at 1.5 billion euros - the country’s representative at the Euro Working Group made a request for more debt-lightening measures.

Panos Tsakloglou, chairman of Greece’s Council of Economic Experts, reminded his counterparts of the Eurogroup’s November 2012 pledge to examine debt relief steps once Greece produced a primary surplus.

Stournaras also told the audience in Athens on Monday that Greece has achieved more than three quarters of the fiscal adjustment it needs to make its debt sustainable.

“We estimate that more than 85 percent of the improvement in the general government primary balance, in order to reduce our debt to sustainable levels by 2020, has already been achieved,” he told the 3rd 'Hellenic - Chinese Business Partnering Conference.

“This means that the hardest part is behind us but we still have some ground to cover. We have almost reached the top of the mountain, though.”

ekathimerini.com , Monday April 28, 2014 (14:53)  
Bundesbank: ECB cash is linked to Greek banks’ health
Bank of Cyprus CEO to step down after difficult overhaul
Yields on Greek bonds rise anew
Greece hopes to reach deal on Russian gas pipeline soon
Publishing HIV sufferers’ identities not permitted, says Greek committee
The government on Tuesday officially repealed a controversial legal provision that was issued three years ago “to curb the spread of infectious diseases” but was widely condemned for stigmat...
Suspected traffickers in Rhodes wreck remanded
Two Syrian men, aged 26 and 27, appeared before a prosecutor in Rhodes on Tuesday and were given until Thursday to prepare their defense in connection with a boat wreck near the southeastern...
Inside News
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
Inside Sports
COMMENTARY
IMF needs to correct its big Greek bailout mistake
The Greek government's mounting financial woes are leading it to contemplate the unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and fu...
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bundesbank: ECB cash is linked to Greek banks’ health
2. Bank of Cyprus CEO to step down after difficult overhaul
3. Yields on Greek bonds rise anew
4. Greece hopes to reach deal on Russian gas pipeline soon
5. ATHEX index drops to new 31-month low
6. Publishing HIV sufferers’ identities not permitted, says Greek committee
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. No ferries on Labor Day as seamen take industrial action
4. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
5. Silence is not an option
6. ECB studying curbs on Greek bank support
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Time to get serious
3. Greek finance ministry hits back at German newspaper report
4. Putting off payments led to Q1 budget primary surplus
5. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.