Germany 'confident' on deal to release funds to Greece
Germany 'confident' on deal to release funds to Greece
19 Junio, 2017, 16:35
"We feel that after this Eurogroup (agreement) there is a much greater clarity for both the Greek people and for financial markets", Greek Finance Minister Euclid Tsakalotos said. "With unity and determination we move forward [to achieve] fair growth and heal the wounds of the crisis", Tsipras said in a tweet after midnight.
Athens all week insisted it would veto the deal, furious that the latest disbursement from its third bailout since 2010 could come without firm debt relief commitments after it delivered on tough reforms.
The issue of debt relief for Greece has sharply divided its worldwide creditors, the European Union and the global Monetary Fund, for months in the latest round of talks.
"It is also important to note that AIP supports the IMF's long-held principle that any new program with Greece should be predicated on the "two legs" of policy reforms combined with debt relief".
"There won't be a figure that rolls out", said Jeroen Dijsselbloem, the Dutch finance minister who is the Eurogroup president.
European creditors promised some form of debt relief if the Greek government pushed through reforms linked to the country's latest bailout program.
Germany, Europe's largest economy, is the biggest contributor to the rescue and its government has stipulated that in order for more money to be released to Greece, the International Monetary Fund must join the bailout.
Greece's main opposition party, the centre-right New Democracy party (ND), which is affiliated to the EPP, said Tsipras had cornered himself by pushing for a debt agreement and that he had only imposed more austerity without taking anything back.
However, Christine Lagarde, the IMF's managing director, said enough progress had been made at Thursday's meeting for her to go to the executive board to get the stand-by facility, which will be less than $2 billion.Lagarde, the IMF's managing director, said enough progress had been made at Thursday's meeting for her to go to the executive board to get the stand-by facility, which will be less than $2 billion. It needs the money to meet roughly 7 billion euros ($7.8 billion) in debt repayments in July that it will struggle to meet from its own resources. "The € 8.5 billion will cover the big service payment due in July and domestic clearance arrears within the next few months", said Regling, to add that excluding debt service payments, he is confident that Greece will be able to build up cash buffer.
Schaeuble also said previous agreements to consider reducing the burden of Greece's debt repayments if the country complies with all conditions remained "the framework" for talks.
Greece avoided another potential brush with bankruptcy Thursday after striking a deal with European creditors to tide it over for the rest of the year and gained assurances that its repayment burden will be eased when it finally can stand on its own after almost a decade on financial life support.
Visit MarketWatch.com for more information on this news.
In Athens, some 1,500 pensioners gathered to protest more than a dozen rounds of pension cuts since bailout-induced austerity was enforced seven years ago.
"We can't live on 300 euros ($334)!" they chanted, with some waving sticks.
Oil sits near half-year lows as global supply overhand weighs
Looking at anticipated growth in global oil demand this year, OPEC reiterated its forecast of 1.27 million barrels per day (bpd). Should the recovery in Nigeria and Libya prove sustainable and others not cut more, the market could remain in surplus.
Gingrich also made reference to a reported lopsided presidential election donation record at the Justice Department. He also seemed to accuse the USA deputy attorney general of pursuing a " witch hunt ".
And Ulster Unionist Party leader Robin Swann said the Prime Minister had assured him that the "entire deal will be made public". May is under pressure to take on a more cross-party approach to Brexit talks.
All countries should respect Syria's sovereignty and territorial integrity, Russian Foreign Minister Sergey Lavrov said on Monday. The minister said Moscow calls on Washington to ensure coordination in the work on Syria and respect the country's sovereignty.
In this regard, counsel Robert S Mueller III has sought interviews with senior United States intelligence officials. Trump took to Twitter Friday morning to lash out at the months-long investigation into Russian Federation meddling.
The problem caused him to leave Thursday's game in the seventh inning, and he was still in the hospital on Friday night. Martinez's double made it 2-2 in the bottom of the third, but Cobb and Verlander both settled down at that point.
CDB Aviation and Tui Group have also signed up, with CDB requesting 10 jets, and Tui converting 18 orders to the aircraft. That could mean that the Max 10 runs a risk of cannibalising sales of the Max 9.
Year to date is -8.80%, -9.86% over the last quarter, -2.50% for the past six months and -7.16% over the last 12 months. Nationwide Fund Advsr holds 0% of its portfolio in Republic Bancorp, Inc. 701,498 shares of the company were exchanged.
Open , wasn't going to rattle the muscular Floridian, no matter how much fescue, distance and sharp edges the course can dish out. His talent is unquestioned, his power admired, and his laid-back demeanor envied by many. "Exhausted of traveling .
Both players liked the course but put their performance down to a lack of execution. "There's a lot of different ways to play it". A bogey at the extremely hard par-4 fourth hole was the only blip on the front nine and he made the turn at one-over for the day.
Open was well and truly up for grabs with 16 players within six shots of the lead, none of whom had a major victory to their name. If there's no wind and soft greens, we're going to play well. "It was kind of bombs away", he said. "You could hit it far".
Public Sector Pension Investment Board increased its stake in Valeant Pharmaceuticals International by 3.1% in the fourth quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Instead, Putin took the opportunity to deny every allegation that's been leveled at Russian Federation since the election. President Putin also explained the USA interferes in elections in countries around the world.
Russian Federation suspends coordination with USA in Syria
The escalation comes after the United States shot down a Syrian jet that had been dropping bombs near US-backed fighter jets. Coalition aircraft conducted a show of force and stopped the initial pro-regime advance toward the town, the Pentagon said.
Putin lamenta nuevas sanciones de EU
La canciller se refería al proyecto Nord Stream II, en el que participa Rusia y del que dependen miles de trabajos, además del suministro energético hacia Europa.
India wins toss, elect to field in Champions Trophy final
But the rest of the much acclaimed Indian batting line-up staged a spectacular collapse and were reduced to 72/6 in the 17th over. The second Powerplay (Overs 11-40) were fully utilised by Pakistan , who scored 191 runs and bulk of those came off the spinners.
Batman Adam West Dies At 88
The television series " Batman " debuted on United States television in 1966 and became a surprise hit, lasting three seasons. West was born in 1928 in Walla Walla, Washington state, and began his acting career in Hawaii in the 1950s.
Indian shares end higher; bank stocks rise
In terms of the broader markets, the BSE mid-cap and small-cap indices underperformed the Sensex. Vinod Nair , Head of Research, Geojit Financial Services Ltd for your perusal.
79 believed to have died in London high-rise fire
"Given the number of people who could be affected in similar properties, an interim report this summer is essential". The statement officially confirmed that a 23-year-old Syrian refugee was the first victim of the huge fire.
Several Injured After Vehicle Rams People in London
China's Xinhua news agency reported police as saying that the incident took place near Finsbury Park Mosque in Seven Sisters Road. The Finsbury Park Mosque - located in a vibrant, multicultural area of north London - was once closely associated with extremism.