11485
Greece Needs Loan Extension
World Economy

Greece Needs Loan Extension

Greece is expected to request a six-month extension of its loan agreement on Wednesday, according to reports, BBC said. The loan would not be an extension of the current bailout agreement, which includes strict austerity measures, Greek government officials were quoted as saying. On Monday night, Greece rejected a plan to extend its €240b ($273b) bailout, describing it as “absurd”. Without a deal, Greece is likely to run out of money. It comes as the European Central Bank (ECB) meets later on Wednesday to decide whether to continue providing emergency finance to Greece’s struggling banks.

Short URL : http://goo.gl/Nm8M2x

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...

Trending

Googleplus