85390
Clock Ticks  for Greece
Clock Ticks  for Greece

Clock Ticks for Greece

Clock Ticks for Greece

Europe may be about to let Greece out of the financial doghouse, yet the wrangling is set to escalate over the terms and conditions. Finance ministers from the euroland meet in Sofia, Bulgaria, on Friday for talks on easing repayment terms on Greek bailout loans. While Germany is indicating it may take less of a hard line, there are persistent differences among nations and the International Monetary Fund over how much leeway to give and how much supervision should continue, Bloomberg reported. All sides need to reach an agreement in June before Greece’s financial lifeline expires at the end of the summer and Europe’s most indebted country relies once more on the bond market for money. Talks in the Bulgarian capital will focus on the so-called growth adjustment mechanism that would ultimately link debt repayments to economic performance. Greece could pay more in better times, and less in worse. “We still have a final mile to go but there is a positive sentiment around the table,” Portuguese Finance Minister Mario Centeno, who chairs the summits, said in an interview last week. “The positions today are much closer than they used to be.”

 

Short URL : https://goo.gl/7aDy7n
  1. https://goo.gl/ZnY56h
  • https://goo.gl/Pb4fJt
  • https://goo.gl/7LykWa
  • https://goo.gl/wHG88E
  • https://goo.gl/dQ1FP7

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus