Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Most Searched: South China Sea  MERS  FIFA  AIIB  Cannes  

Eurogroup to hold conference call on Greece Thursday

English.news.cn   2015-07-16 17:09:33

BEIJING, July 16 (Xinhuanet) -- Eurozone finance ministers will hold a conference call Thursday to discuss the latest developments in Greece.

That's a day after Athens voted through tough reforms in return for a bailout.

Jeroen Dijsselbloem, spokesman for the Eurogroup head and Dutch Finance Minister, said the teleconference will be held at 10am, or 0800 GMT.

He called the meeting as street violence erupted in Athens, with Greek lawmakers ready to vote on harsh reforms demanded by their European partners to begin talks on a third bailout of up to 86 billion euros.

Official bailout talks will not begin even if the laws are passed in Athens, as parliaments in several member states still have to give the greenlight to the negotiations.

If a deal is reached, eurozone governments will contribute between 40 and 50 billion euros, the IMF will contribute another chunk, and the rest will come from selling off state assets and from financial markets.

(Source: CNTV.cn)

Editor: An
Related News
           
Photos  >>
Video  >>
  Special Reports  >>
Xinhuanet

Eurogroup to hold conference call on Greece Thursday

English.news.cn 2015-07-16 17:09:33

BEIJING, July 16 (Xinhuanet) -- Eurozone finance ministers will hold a conference call Thursday to discuss the latest developments in Greece.

That's a day after Athens voted through tough reforms in return for a bailout.

Jeroen Dijsselbloem, spokesman for the Eurogroup head and Dutch Finance Minister, said the teleconference will be held at 10am, or 0800 GMT.

He called the meeting as street violence erupted in Athens, with Greek lawmakers ready to vote on harsh reforms demanded by their European partners to begin talks on a third bailout of up to 86 billion euros.

Official bailout talks will not begin even if the laws are passed in Athens, as parliaments in several member states still have to give the greenlight to the negotiations.

If a deal is reached, eurozone governments will contribute between 40 and 50 billion euros, the IMF will contribute another chunk, and the rest will come from selling off state assets and from financial markets.

(Source: CNTV.cn)

[Editor: An]
010020070750000000000000011106041344187371