BRUSSELS, May 24 (Xinhua) -- Finance ministers of the 19-country eurozone met on Tuesday to seek a deal on the Greek bailout which would unlock a new tranche
of funds, w
BRUSSELS, May 24 (Xinhua) -- Finance ministers of the 19-country eurozone met on Tuesday to seek a deal on the Greek bailout which would unlock a new tranche
of funds, while the country's creditors remained at an impasse on Greek debt
sustainability.
The ministers' meeting came two days after Greek legislators approved fresh austerity measures including tax hikes and a new privatization fund, in a move
to meet creditors' demands and conclude the first review of its bailout program.
"Today we are going to hear from the institutions whether all the reforms have been implemented in the right way," said Eurogroup President Jeroen
Dijsselbloem at his arrival for the meeting.
Greece is again faced with tough times as it desperately needs the next tranche of a bailout distribution to repay billions of euros in loans to the
European Central Bank (ECB) and the International Monetary Fund (IMF) in June
and July.
The IMF insists that Greece needs "upfront" and "unconditional" debt relief, saying in an assessment on Monday that Greece cannot meet the terms of the
bailout program and that interest payments on the soaring national debt would
eat up 60 percent of the budget by 2060 without debt forgiveness.
The Washington-based fund analyzed that Greece needed longer time to repay loans, with the interest rate on its loans fixed at 1.5 percent, and its
creditors should make debt relief automatic once the bailout program ends in
2018.
The European side, however, holds the view that Athens has done enough to be given the next distribution. Germany believes Greece could meet its austerity
targets and stands strongly against any debt relief for Athens.
"We still have to discuss with the IMF," Germany Finance Minister Wolfgang Schauble said. In the meantime, the minister stood confident and optimistic
ahead of the meeting. "I am positive that we will find an agreement," he told
reporters.
Ministers agreed that Athens has made a lot of efforts in a bid to successfully complete the creditors' first review.
Dijsselbloem said the Greek government "has done a lot of work" since the summer and in the last couple of weeks, pushing forward reforms, difficult
measures and getting them though parliament.
"I hope that there is a full agreement between the institutions and that we can move on in the program," he told reporters.
Greece has reduced the retirement pensions, raised income tax, value-added tax, and created a contingence mechanism, which means that if there are any
deviations of public deficit, certain measures will kick in, said Spanish
Finance Minister Luis De Guindos.
"There is a consensus on this among the institutions, so I think there will be closure today," he told reporters.
Slovak Finance Minister Peter Kazimir, however, voiced concern about the uneasy talks ahead. "I am afraid that we are going to spend the whole night," he
said, adding that many things remained "open" and "unresolved."
"We should focus on disbursement, on agreement about the tranche and also we would like to conclude the review... this is essentially for us," he said.
Athens is awaiting creditors' nod to the first review on its third bailout program which would unlock a new tranche of distribution worth up to 11 billion
euros(12.26 billion U.S. dollars).
Finance ministers of the single currency bloc met two weeks ago but only decided to make a final conclusioy include several channels on Tuesday. Greece was then urged to take
more austerity measures as concerns were raised on the country's debt
sustainability.
Last year, international creditors agreed to give Greece an 86-billion-euro bailout loan to avert its exit from the single currency bloc.
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sustainability.
The ministers' meeting came two days after Greek legislators approved fresh austerity measures including tax hikes and a new privatization fund, in a move
to meet creditors' demands and conclude the first review of its bailout program.
"Today we are going to hear from the institutions whether all the reforms have been implemented in the right way," said Eurogroup President Jeroen
Dijsselbloem at his arrival for the meeting.
Greece is again faced with tough times as it desperately needs the next tranche of a bailout distribution to repay billions of euros in loans to the
European Central Bank (ECB) and the International Monetary Fund (IMF) in June
and July.
The IMF insists that Greece needs "upfront" and "unconditional" debt relief, saying in an assessment on Monday that Greece cannot meet the terms of the
bailout program and that interest payments on the soaring national debt would
eat up 60 percent of the budget by 2060 without debt forgiveness.
The Washington-based fund analyzed that Greece needed longer time to repay loans, with the interest rate on its loans fixed at 1.5 percent, and its
creditors should make debt relief automatic once the bailout program ends in
2018.
The European side, however, holds the view that Athens has done enough to be given the next distribution. Germany believes Greece could meet its austerity
targets and stands strongly against any debt relief for Athens.
"We still have to discuss with the IMF," Germany Finance Minister Wolfgang Schauble said. In the meantime, the minister stood confident and optimistic
ahead of the meeting. "I am positive that we will find an agreement," he told
reporters.
Ministers agreed that Athens has made a lot of efforts in a bid to successfully complete the creditors' first review.
Dijsselbloem said the Greek government "has done a lot of work" since the summer and in the last couple of weeks, pushing forward reforms, difficult
measures and getting them though parliament.
"I hope that there is a full agreement between the institutions and that we can move on in the program," he told reporters.
Greece has reduced the retirement pensions, raised income tax, value-added tax, and created a contingence mechanism, which means that if there are any
deviations of public deficit, certain measures will kick in, said Spanish
Finance Minister Luis De Guindos.
"There is a consensus on this among the institutions, so I think there will be closure today," he told reporters.
Slovak Finance Minister Peter Kazimir, however, voiced concern about the uneasy talks ahead. "I am afraid that we are going to spend the whole night," he
said, adding that many things remained "open" and "unresolved."
"We should focus on disbursement, on agreement about the tranche and also we would like to conclude the review... this is essentially for us," he said.
Athens is awaiting creditors' nod to the first review on its third bailout program which would unlock a new tranche of distribution worth up to 11 billion
euros(12.26 billion U.S. dollars).
Finance ministers of the single currency bloc met two weeks ago but only decided to make a final conclusion on Tuesday. Greece was then urged to take
more austerity measures as concerns were raised on the country's debt
sustainability.
Last year, international creditors agreed to give Greece an 86-billion-euro bailout loan to avert its exit from the single currency bloc.
If you are looking for versatility when it comes to programming with Direct TV and you are looking for something with a little more bulk than the basic
packages but you do not want to spend a large amount of money then there are
several options available to you with the satellite TV packaging. Basic
packaging on satellite TV only covers just that the basics. If you want
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The first choice xtra this package gives you all the basics when it comes to music, sports Wholesale Grant Long Jersey , family programming plus you get channels of educational value like PBS, Biography and the History International Channel.
Love sports they have sport stations as well and a number of additional channels
designed specifically for younger audiences. There are also usually premium move
package deals offered with this package. These are usually free for a certain
number of months and may include several channels or sets of channels within a
particular grouping. For example Wholesale Jerry Stackhouse Jersey , Starz one of the premium channels when it comes to movies offers 12 different stations under its package, while Showtime
has nine different stations. These are two of the more frequently offered
promotional options.
Of course Wholesale Bill Laimbeer Jersey , the package comes with local stations, no cost for equipment and installation is usually free as well. The Choice Xtra
package for Direct TV also comes with over 200 different stations. Adding HD
access grants you access to high definition as well as a variety of independent
channels that are market specific. If you want 200 plus channels Wholesale Grant Hill Jersey , local stations, movies Wholesale Christian Laettner Jersey , sports, music Wholesale Joe Smith Jersey , documentary stations, educational and specialty programming Wholesale Mateen Cleaves Jersey , as well as family friendly program with the ability to record your favorite shows whether or not your home consider the
Choice Xtra plus DVR package. This package offers all the channels of Choice
Xtra plus the DVR service package including the receiver. This may or may not be
free depending on your area. HD access is still extra per month on this package
but there are usually premium movie channel promotional options available.
Choice Xtra options give you the added benefit of recording your favorite programm.
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