87010
Greece at Crucial Point
Greece at Crucial Point

Greece at Crucial Point

Greece at Crucial Point

Discussions are heating up over future debt repayments for Greece, with the country hoping to break free from years of financial assistance since the eurozone sovereign debt crisis that ravaged its economy, CNBC reported. The International Monetary Fund, European creditors and the Greek government are hashing out the final details of a deal that will make it easier for Athens to repay its debts. The issue is getting more pressing by the day as Greece prepares to end its third financial rescue of €86 billion ($ 101.38 billion) in August. Until then, the Greek government needs certainty about its debt relief to enable it to claim a successful breakaway from international assistance, after eight years. Greece will be looking to finance itself in the public markets after August. But without clear details—or even significant changes—on its future debt, Athens is likely to face higher borrowing costs as investors turn away from the country, thus increasing the likelihood of more economic pain for the embattled southern European nation. The country currently sits on a debt pile of about 180% compared to its gross domestic product—the highest in the eurozone.

 

Short URL : https://goo.gl/DtRD5p
  1. https://goo.gl/DsfMx7
  • https://goo.gl/jaggj7
  • https://goo.gl/MTKUdc
  • https://goo.gl/4d7SmJ
  • https://goo.gl/8gxgNW

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
South Africa Says Will Swim Out of Recession
South African President Cyril Ramaphosa has ambitious plans to...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus