Preparations for bailout agreement under way

7 April 2016
557 Views

Although bailout talks between Greece and its lenders continued Thursday night, with a number of issues still to be settled, officials have begun drafting the final agreement the various sides hope to arrive at.

Sources from the lenders’ side, as well as in the Greek camp, said that the process has begun so that if there is an agreement only the final details will have to be added. This reflects the sense of urgency to complete the negotiations and get approval for the final agreement.

The aim is to resolve the outstanding issues, including 3 percent of gross domestic product and the sale of nonperforming loans – both of which were discussed in Athens Wednesday – before the International Monetary Fund’s spring meetings next week.

If the agreement is in place, it will be submitted to eurozone finance ministers who are due to meet on April 22. Greece will then be expected to pass the agreed measures through Parliament. Once this is done, the process of obtaining parliamentary approval for the program disbursements can begin, as can the discussion about debt relief between Greece’s lenders.

One issue on which Athens and the creditors appeared to have agreed Wednesday is that the national pension will be set at 384 euros after 20 years of work.

You may be interested

Pakistani gang leader arrested by Greek police
GREECE
shares31 views
GREECE
shares31 views

Pakistani gang leader arrested by Greek police

makis - Nov 27, 2020

The Pakistani leader of a gang, whose knife-wielding members broke into an apartment in Kaminia last Saturday and slaughtered a…

These blood types have a lower risk of contracting Covid-19
HEALTH
shares33 views
HEALTH
shares33 views

These blood types have a lower risk of contracting Covid-19

Panos - Nov 27, 2020

New research adds to the growing body of evidence that people with blood type ‘O’ may have a lower risk…

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks
WORLD
shares48 views
WORLD
shares48 views

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks

Panos - Nov 27, 2020

Former New York Times reporter Alex Berenson has slammed Amazon for attempted ‘censorship’ after the company backed down from its…

Leave a Comment

Your email address will not be published.