euimf and ecb began an audit of finances
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Greece on strike standstill as debt storm rages

EU,IMF and ECB began an audit of finances

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice EU,IMF and ECB began an audit of finances

The European and the Greek flags fly above the ancient temple of Parthenon in Athens .
ATHENS - AFP

The European and the Greek flags fly above the ancient temple of Parthenon in Athens . Greece came to a standstill on Wednesday as a general strike took effect against new austerity measures by a government seeking to get a new package of help and avoid a damaging debt overhaul.The strike, the second this year called by the country\'s main unions, paralysed maritime and intercity train traffic, shut down state services and temporarily halted flights through the country, respective operators said.
A four-hour stoppage by air traffic controllers from 0900 to 1300 GMT also caused the two main Greek operators, Olympic and Aegean, to scrap or reschedule some four dozen flights at the start of the busy tourist season.
Separate street protests by unions are scheduled later in the day against a new wave of cutbacks expected from the Socialist government which is struggling to limit slippage on tough austerity targets during a deep recession.
The mobilisation is held while experts from the European Union, International Monetary Fund and European Central Bank (ECB) are conducting in Athens a scheduled audit of finances and reforms in Greece to determine if it merits a critical new slice of funding from a bailout package agreed last year.

Greece last year pledged to put its economy in order after taking a 110-billion-euro ($158-billion) loan from the European Union and the International Monetary Fund to avert insolvency.
But despite a huge effort in 2010, it eventually overshot its deficit reduction goals because the economy shrank faster than expected.
Athens\' overall debt has exploded to 340 billion euros, leading to mounting speculation -- even from Greek officials -- that it will need alternative options to keep up with repayments when the EU-IMF loan runs out in 2013.
Senior EU and Greek officials have denied that any debt restructuring is on the agenda, although eurozone officials have begun to admit that Greece is likely to need more aid in some form.

At the weekend the head of the Eurogroup of eurozone finance ministers Jean-Claude Juncker said that \"we think that Greece does need a further adjustment programme\".
And an EU source told AFP on Monday that eurozone ministers were considering extra help for next year which would be in exchange of new budget constraints from Greece.
With Greece unlikely to be able to raise money on financial markets next year as initially planned, there has been increasing speculation it will need another 60 billion euros.
European Union Economic Affairs Commissioner Olli Rehn, who is the top EU official behind bailout negotiations, said a decision on further aid is a few weeks away pending the result of the audit.

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*

euimf and ecb began an audit of finances euimf and ecb began an audit of finances

 



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*

euimf and ecb began an audit of finances euimf and ecb began an audit of finances

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 09:36 2017 Thursday ,07 December

Heidy Karam’s contract to present talk show close

GMT 10:50 2012 Friday ,20 January

Dusty weather expected in UAE on Friday

GMT 09:35 2018 Saturday ,13 January

New Zealand bat first in third ODI against Pakistan

GMT 10:48 2017 Saturday ,23 December

Meryl Streep's brand under threat

GMT 06:53 2017 Thursday ,11 May

17th Doha Forum To Begin Sunday

GMT 10:30 2017 Thursday ,23 November

Reports underline proliferation of weapons in Arab world

GMT 07:46 2017 Monday ,30 October

Catch it early, treat it early and move on

GMT 08:05 2015 Tuesday ,17 February

Conan O'Brien is first late night host to film in Cuba

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice