News

No Discussion On Greek Debt Relief At Eurogroup

Date: 27.04.2018 / By Eleni Varvitsiotis / Ekathimerini.com / Comments (0)

Eurozone finance ministers did not discuss Greek debt relief during their meeting in Sofia on Friday, as it was assessed that there is not enough progress in the negotiations, especially at a political level, to bring the issue at the Eurogroup.

However, time is running out, as the International Monetary Fund (IMF) has clarified that its board must decide by the end of May whether to activate its program and attached funding for Greece.

The institutions are scheduled to return to Athens on May 14, aiming to achieve a staff-level agreement that would complete the fourth program review - a prerequisite to complete any talks on debt relief.

The European Central Bank, through its executive board member Benoit Coeure, warned on Friday that if Greece does not request a precautionary credit line, it will have to fully abide by its post-bailout commitments, which he said should be as “strong” as possible.

He noted that, after August 21, Greece will be judged by the financial markets and not the institutions.

Coeure called for “front-loaded” debt relief measures that can be implemented automatically and warned that more effort would be needed from the Greek side οn the out-of-court settlement of debts, the completion of online foreclosures and the presentation of legislation for insolvent households and non-performing loans.



http://www.ekathimerini.com/228104/article/ekathimerini/business/no-discussion-on-greek-debt-relief-at-eurogroup

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON