Tuesday, August 11, 2015

Agreement in Greece and creditors, “There was only a couple of details” – BBC Russian

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Athens interested in the speedy entry into force, until 20 August because they need to pay 3, 2 billion euros

Greece is close to an agreement with international lenders on the terms of Athens the third bailout package.

” It remains for us to agree on only two or three small issue, “- he said Greek Finance Minister Euclid Tsakalotos Reuters after hours of talks in Athens.

The agreement between Athens and creditors should keep the country in the euro area and prevent it from bankruptcy.

Another representative of the Greek government told Reuters that the agreement with creditors reached in principle.

On Tuesday night reported that the Greek government and the lenders agreed on the main budget figures, which will be a fundamental condition of Greece the third bailout package.

According to reports from Athens, the new plan provides a small deficit of GDP by the end of this year, which should be replaced by a slight increase in the next year.

According to news agencies, the primary deficit the country’s budget in the current year must be not more than 0.25% of GDP.

Greece agrees to create a new privatization fund. They also agreed on the conditions of management of closed banks. These two points have been a stumbling block in the negotiations.

According to Reuters, referring to one of the Greek officials, the negotiations were agreed fiscal targets that Greece should be achieved with the next few years: in 2015 was taken as the starting point in 2016 Greece should ensure growth rates by half a percent, and in 2017 – already on the percentage.

After reaching the agreement document should arrive to vote in the Greek Parliament.

Athens interested in the soonest Agreement enters into force until 20 August because they need to pay 3.2 billion euros to the European Central Bank in repayment of debt.

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