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Athens Macedonian News Agency: News in English, 15-08-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Gov't to ask vote of confidence after Aug. 20
  • [02] Agreement possible at Eurogroup meeting, estimates European Commission spokesperson
  • [03] European partners must make Greek debt sustainable before IMF provides additional funding, mission chief says

  • [01] Gov't to ask vote of confidence after Aug. 20

    The government will request a vote of confidence from the Greek parliament when the procedures are completed as well as the disbursement of the installment to Greece on August 20, said government sources.

    [02] Agreement possible at Eurogroup meeting, estimates European Commission spokesperson

    ANA/MPA---European Commission spokesperson called the decision of the Greek parliament to approve the draft law on the agreement with the lenders a positive sign regarding the final outcome of the negotiations.

    Moreover, the spokesperson estimated that an agreement is possible to be reached at the Eurogroup meeting on Friday.

    Additionally, EC representative stated that European Commission president Jean Claude Juncker had a phone contact with Greek President Prokopis Pavlopoulos with the head of the Eurogroup Jeroen Dijsselbloem and the chief of the European Central Bank Mario Draghi.

    The Eurogroup is scheduled to convene on Friday at 16.00 (Athens time).

    [03] European partners must make Greek debt sustainable before IMF provides additional funding, mission chief says

    ANA-MPA - The International Monetary Fund (IMF) will consider additional funding to Greece only if the country's European partners take steps to make Greece's debt sustainable, head of the IMF mission to Greece Delia Velculescu, said on Friday (Greek time).

    Velculescu made the statement at the close of the International Monetary Fund's team visit to Greece, from July 30 to August 12, to participate in technical discussions between the Greek authorities and the European Commission, European Central Bank and European Stability Mechanism (ESM) on an economic programme that could be financially supported by the ESM.

    The agreement reached between Greece and its European partners "is a very important step forward" and "puts in place far-reaching policies to restore fiscal sustainability, financial sector stability, and sustainable growth," she said, and before prompting Greece's European partners to move ahead with debt relief.

    "In the period ahead, we look forward to working with the authorities to develop their programme in more detail and for Greece's European partners to make decisions on debt relief that will allow Greece's debt to become sustainable," she said.

    "The IMF will remain closely engaged with the Greek government and the European partners to assist in this process, and will make an assessment of its participation in providing any additional financing to Greece once the steps on the authorities' programme and debt relief have been taken, expected at the time of the first review of the ESM programme," she clarified.


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