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Friday 24.10.2014 | Name days: Renāte, Modrīte, Mudrīte

Eurozone gives Greece an ultimatum

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 In order to get approval of the second credit assistance programme to Greece, the government of Greece has to fulfil three conditions, was announced by finance ministers of the eurozone countries. The deadline to meet these three conditions is one week.

In order to get approval for the second credit assistance programme to Greece, the government of Greece has to fulfil three conditions, Deutsche Welle writes.

First, the parliament of Greece has to approve all agreements which were achieved during the government’s negotiations with three international creditors – European Commission, European Central Bank and International Monetary Fund (IMF).

Second, the agreement on the economy programme must be signed by all three parties included in the governing coalition of Greece. Third, Athens must find a possibility to save 325 million euro in the budget of 2012. This was announced on Thursday, February 9, by the head of the Eurogroup Jean-Claude Juncker.

Moreover, during the implementation of the second crediting programme the eurozone governments are going to tighten control over the fulfilment of the terms agreed.

 

Ref: 104.110.110.284


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