360° Coverage : Greece could receive additional aid: Minister

11 Updates
Greece could receive additional aid: Minister
Photo Credit: STR, Getty Images

Greece could receive additional aid: Minister

Aug 25 2013, 3:52pm CDT | by IANS

Athens, Aug 26 (IANS) Greece could receive additional financial aid from the European Union and the International Monetary Fund without fresh bailout conditions, according to Greek Finance Minister Yannis Stournaras.

Athens, Aug 26 — Greece could receive additional financial aid from the European Union and the International Monetary Fund without fresh bailout conditions, according to Greek Finance Minister...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Greece could receive additional aid: Minister

Aug 25 2013, 3:52pm CDT | by IANS

Athens, Aug 26 (IANS) Greece could receive additional financial aid from the European Union and the International Monetary Fund without fresh bailout conditions, according to Greek Finance Minister Yannis Stournaras.

Athens, Aug 26 — Greece could receive additional financial aid from the European Union and the International Monetary Fund without fresh bailout conditions, according to Greek Finance Minister Yannis Stournaras.

"If Greece needs further support that will be no more than 10 billion euros ($13.4 billion). It will be a support package without new conditions, since targets have been set until 2016, as well as our commitments," Stournaras said in an interview with Greek Sunday newspaper Proto Thema, Xinhua reported.

Acknowledging that due to a possible funding gap Greece is still in no position to return to international markets in the near future, he also ruled out the prospect of a new debt restructuring.

"There is not a possibility," he said, referring to last year's Euro group decision that paved the way to an extension of the debt repayment period for Greece and a reduction of interest rates for the rescue loans granted to the debt-laden country since it was shut out of markets in 2010 under certain conditions.

The top one is the achievement of primary plus. Stournaras reiterated confidence that the goal will be achieved in 2014, the same year the current second bailout programme expires.

Since 2010, Greece is kept afloat with a total 240 billion euro financing under two bailout programmes in return for a tough austerity and reform plan which has been hit by delays.

Despite the crucial international aid to avoid default and a supplementary write-down of its debt load by some 100 billion euros last year, at the end of the first half of 2013 Greece still had a 321 billion euro debt, according to the latest official data, which is considered unsustainable by some analysts.

So far in 2013, despite three-year austerity and the reform drive, the debt increased by 16 billion euros from 305 billion euros at the end of 2012.

As a result, talks over a third bailout or a second haircut have resurfaced recently. And while there are increasing statements of European officials implying that additional support could be given to Athens, leaders such as German Chancellor Angela Merkel have warned that a new haircut would harm euro zone's stability.

IANS

Source: IANS

 
Update
11

17 hours ago

Home Invasion Suspects Back in Court

Oct 21 2014 6:45am CDT | Source: Your News Now - Finger Lakes

The two suspects in a home invasion on Polo Place in Greece are expected back in court Tuesday mo ...
Source: Your News Now - Finger Lakes   Full article at: Your News Now - Finger Lakes
 

 
Update
10

17 hours ago

Home Invasion Suspects Appear in Court

Oct 21 2014 6:45am CDT | Source: Your News Now - Finger Lakes

The two suspects in a home invasion on Polo Place in Greece appeared in court Tuesday mo ...
Source: Your News Now - Finger Lakes   Full article at: Your News Now - Finger Lakes
 

 
Update
9

4 days ago

CCC singing group invited to Greece festival

Oct 17 2014 8:00am CDT | Source: Columbus Telegram

COLUMBUS — First it was a concert in Carnegie Hall. Next up is a festival in ...
Source: Columbus Telegram   Full article at: Columbus Telegram
 

 
Update
8

6 days ago

Report: Greece will seek Algerian LNG if Russian gas supply cut

Oct 15 2014 8:03am CDT | Source: PRIME

MOSCOW, Oct 15 (PRIME) -- Greece is discussing additional liquefied natural gas (LNG) supply from Algeria to cover shortages and help neighboring nations if a gas dispute between Russia and Ukraine disrupts ...
Source: PRIME   Full article at: PRIME
 

 
Update
7

1 week ago

The Euro Is Getting Smoked

Oct 14 2014 5:36am CDT | Source: Business Insider

Quick heads up. The Euro is getting smoked. It kind of feels like the bad old days. There's all kinds of negatives piling up: There's bad economic news out of Germany, bad economic news out of the Eurozone as a whole, new political worries in Greece, and the leader of one of Italy's major parties calling for a referendum to exit the Euro. SEE ALSO: The Ger ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

1 week ago

Ancient mosaic found at Greece tomb

Oct 12 2014 12:02pm CDT | Source: BBC News

Archaeologists in Greece uncover a large floor mosaic at a huge burial site at Amphipolis dating to the time of Alexander the Gre ...
Source: BBC News   Full article at: BBC News
 

 
Update
4

1 week ago

Greek PM narrowly wins confidence vote

Oct 11 2014 2:00pm CDT | Source: The Nation - Pakistan

ATHENS : Greek Prime Minister Antonis Samaras late Friday won a parliamentary confidence vote, which he called in a bid to rally support, but which provided him with only a narrow majority. The conservative prime minister secured the support of 155 of the 300 elected deputies, with not a single independent or opposition member backing him. Out of the 288 deputies who voted, 131 oppos ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
3

1 week ago

The UKIP Victory Is Another Sign That Europe Is Starting To Come Apart

Oct 10 2014 9:15am CDT | Source: Business Insider

A small British nationalist party winning its first seat in parliament would usually struggle to make headlines outside of the UK political pages. And yet the UK Independence Party's (UKIP) landslide victory in the Clacton by-election captured the front pages and will send ripples across Europe. The message is out — the eurosceptics are on the march. For those willing to look, the signs of growing hostility to th ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
2

2 weeks ago

Mamma Mia brings delight to mothers and daughters alike | Arts & Culture

Oct 6 2014 2:00am CDT | Source: The Daily Beacon

If go-go boots and Greek culture had a musical baby, they would have named it "Mamma Mia!"The sing-along musical returned to the Tennessee Theatre this past weekend to please yet another crowd of moms reliving their past.The show is set on an island in Greece where a wedding ... ...
Source: The Daily Beacon   Full article at: The Daily Beacon
 

 
Update
1

2 weeks ago

Stretch of Ridge Road in Greece Shut Down By Police

Oct 3 2014 1:27pm CDT | Source: Your News Now - Finger Lakes

Police shut down a stretch of Ridge Road in Greece after after a suspicious package was discovered Friday afternoon in the parking lot ...
Source: Your News Now - Finger Lakes   Full article at: Your News Now - Finger Lakes
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Spanish nurse cured of Ebola
Madrid, Oct 21 (Xinhua) Spanish nursing auxiliary Teresa Romero was pronounced cured of the Ebola virus disease according to World Health Organisation (WHO) guidelines after the results of a second test confirmed Tuesday that she no longer had the virus in her blood.
 
 
Clinical trials of Ebola vaccine start Nov 1 in Switzerland
Geneva, Oct 21 (IANS/EFE) The World Health Organisation (WHO) announced Tuesday that it will begin clinical trials Nov 1 in Switzerland of one of the two anti-Ebola vaccines currently under development.
 
 
Colombia to launch world's first floating gas liquefaction plant
Bogota, Oct 21 (IANS/EFE) The world's first floating gas liquefaction plant is due to begin operating next year off the coast of northern Colombia under a pact between Canada-based Pacific Rubiales Energy and Belgian shipbuilder Exmar.
 
 
Paralysed man walks again after pioneering cell therapy
London, Oct 21 (IANS/EFE) A paralysed man has been able to walk again after therapy that involved transplanting cells from his nasal cavity into his spinal cord, the BBC reported Tuesday.
 
 
 

Latest from the Network

European Champions League standings
Paris, Oct 22 (IANS) Following are the European Champions League standings for Groups E to H after Tuesday's matches (tabulated under matches played, won, drawn, lost, goals for, against, points), according to Xinhua...
Read more on Sport Balla
 
Rogerio set to break Giggs world record
Rio de Janeiro, Oct 22 (IANS) Sao Paulo goalkeeper Rogerio Ceni is one victory away from earning his fourth Guinness World Record by eclipsing a mark held by Manchester United legend Ryan Giggs. The 41-year-old will...
Read more on Sport Balla
 
Ryan Reynolds can't keep his hands off Blake Lively
Ryan Reynolds was ''really sweet'' to Blake Lively at the Angel City Ball. The couple, who got married in September 2012, made their first red carpet appearance together in New York City on Monday night (10.20.14) since...
Read more on Celebrity Balla
 
Kris Jenner doesn't know who Bruce Jenner is dating
Kris Jenner has ''no idea'' whether Bruce Jenner is dating her best friend. The 58-year-old reality TV star, who split from the Olympic gold medallist last October after 23 years of marriage, claims she doesn't know if...
Read more on Celebrity Balla
 
When Rihanna dressed like 'Harry Potter'
New York, Oct 22 (IANS) Singer Rihanna was spotted here in a Harry Potter style costume. She wore the wizard-like get-up while heading for a business meal here Monday, reports mirror.co.uk. The 26-year-old combined a...
Read more on Celebrity Balla
 
Germany raises humanitarian aid to Iraq
Berlin, Oct 22 (IANS) Germany has pledged a further 20 million euros (about 25.5 million dollars) in humanitarian aid to Iraq, the foreign ministry said in a statement Tuesday. The additional funds are immediately...
Read more on Politics Balla
 
India calls on Israel, Palestine to resume peace process
United Nations, Oct 22 (IANS) India has called upon Israelis and Palestinians to resume the peace process as "dialogue remains the only viable option" to address the issues confronting the region. In a brief statement...
Read more on Politics Balla
 
Airstrikes help ground forces fight IS: Pentagon
Washington, Oct 22 (IANS) Kurdish forces are in control of the majority of the Syrian city of Kobane despite efforts by the Islamic State (IS) to take the town, a spokesperson for US defence department said Tuesday....
Read more on Politics Balla
 
Palestine, Israel urged at UN to halt unilateral initiatives
United Nations, Oct 22 (IANS) UN Secretary-General Ban Ki- moon Tuesday called on Palestine and Israel to overcome differences and halt unilateral initiatives that fuel mistrust, so as to pursue long-term stability in...
Read more on Politics Balla
 
China urges Israel to create conditions for peace
United Nations, Oct 22 (IANS) Chinese government has called on Israel to create necessary conditions for the resumption of peace talks with Palestine. At an open debate of the Security Council on the situation of the...
Read more on Politics Balla