proposed debt deal clearly unviable
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Finance Minister Yanis Varoufakis:

Proposed debt deal 'clearly unviable'

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleProposed debt deal 'clearly unviable'

Finance Minister Yanis Varoufakis
Dublin - Arab Today

Greece is being put before a "clearly unviable" agreement by its EU-IMF creditors but remains committed to staying in the eurozone, Finance Minister Yanis Varoufakis told Irish radio on Friday.

"The Greek side has bent over backwards to accommodate some rather strange demands by the institutions. It is now up to them to come to the party," he told the public broadcaster RTE.

"When I am asked to put my signature at the dotted line of an agreement which is clearly unviable, I am not going to do this," he said.

"The institutions are putting me and my government in an impossible position," he said.

But the minister added: "I couldn’t put it more strongly than to say that our commitment to remain in the eurozone is absolute."

Varoufakis also detailed what he called the "balanced proposal" put forward by Greece, including cuts on early retirement, increases in pension fund contributions and a raise in corporation tax.
"All of these are choices that we would not have made if we had policy space... The problem is the austerity package that is being imposed upon us is going to destroy our chances of growth and make it much harder for us to repay our debt," he said.

The minister's comments come after marathon meetings in Brussels between Greek Prime Minister Alexis Tsipras and the heads of the European Commission, European Central Bank and International Monetary fund ended with no agreement on Thursday.

Greece now faces crunch talks with creditors on Saturday when eurozone finance ministers meet in a bid to save the country from default.

Greece needs creditors to unlock the remaining 7.2 billion euros ($8.1 billion) in its bailout to pay the IMF at the end of the month but the lenders have refused until Athens agrees to new reforms.
Source: AFP

 

themuslimchronicle
themuslimchronicle

GMT 08:11 2018 Wednesday ,17 January

BlackRock chief calls on CEOs

GMT 08:51 2018 Wednesday ,03 January

Banks 'reticent' to work with Sudan

GMT 08:36 2017 Sunday ,31 December

US tax reform to cut earnings by $5 bn

GMT 18:42 2017 Thursday ,28 December

Al-Sukait Tackles Investors’ Contribution

GMT 18:34 2017 Wednesday ,27 December

Shaath reveals opening date of Metro third line

GMT 09:52 2017 Tuesday ,12 December

Senate tax plan would boost revenue $1.8 tn

GMT 08:42 2017 Friday ,08 December

Post-Brexit London 'won't fall apart'

GMT 10:04 2017 Monday ,27 November

Brexit without EU trade deal 'not end of world'
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

proposed debt deal clearly unviable proposed debt deal clearly unviable

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:46 2017 Sunday ,27 August

Norway fines tourist guide for scaring polar bear

GMT 07:33 2018 Monday ,08 January

CIA chief denies agency role in Iran unrest

GMT 08:55 2017 Tuesday ,15 August

Shares of Fiat Chrysler surge

GMT 00:09 2017 Friday ,27 October

Alphabet quarterly profit climbs

GMT 09:53 2017 Saturday ,08 April

Mexico inflation hits new seven-year high

GMT 18:28 2012 Friday ,09 March

All balanchine

GMT 07:09 2015 Friday ,11 December

Syria government scrapes barrel

GMT 15:57 2017 Tuesday ,24 October

2018 Olympic torch ceremony hit by poor weather

GMT 03:22 2017 Wednesday ,02 August

At least 29 killed in Afghan Shiite mosque attack
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle