17493
Greek PM Says Deal With Lenders Almost Done
World Economy

Greek PM Says Deal With Lenders Almost Done

Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.
After four months of talks with its euro zone partners and the International Monetary Fund, Athens is scrambling for a deal that could release up to $7.9 billion (7.2b euro) in remaining aid to avert bankruptcy as it remains shut out of bond markets, Reuters reported. Talks have stumbled over pensions, labor reform, fiscal targets and increases in value-added tax.  "We are on the final stretch of a painful and tough period shaped by the government's negotiations with the institutions," Tsipras, told his party's central committee.
Tsipras faces potential challenges from the hard-left faction in his Syriza party which opposes any deal that would involve further belt-tightening.

 

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

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus