日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Greece grabs cash as debt payments loom

By Bloomberg | China Daily | Updated: 2015-03-18 09:05

Greece will begin debating measures to boost liquidity as the cash-starved country braces for more than 2 billion euros ($2.12 billion) in debt payments on Friday.

Unable to access bailout funding and locked out of capital markets, the government was due to outline emergency plans to parliament on Tuesday to increase funding.

Payments due on Friday include interest on a swap originally arranged by Goldman Sachs Group Inc, said a person familiar with the matter who asked not to be identified publicly.

Prime Minister Alexis Tsipras's government is burning through cash while trying to get its creditors - euro area member states, the European Central Bank and the International Monetary Fund - to release more money from its 240 billion-euro bailout program. European governments have said they won't disburse any more emergency loans unless the government in Athens implements a set of economic overhauls agreed last month, including pension and sales tax reform.

"As days go by, room for maneuver becomes ever smaller," said Theodore Pelagidis, an Athens-based senior fellow at the Brookings Institution. "The impression given is that there's no plan A or plan B. There's nothing."

The government's plan includes eliminating fines on those who submit overdue taxes by March 27 to encourage payment, helping cover salaries and pensions due at the end of the month. The plan also requires pension funds and public entities to invest reserves held at the Bank of Greece in government securities and repurchase agreements, and transfers 556 million euros from the country's bank recapitalization fund to the state. A vote on the measures is scheduled for Wednesday.

Ending austerity

The government said on Saturday it has a plan to "enhance its liquidity" and won't have problems meeting payments for civil servants and retirees due just one week after the Friday debt payments. Tsipras has pledged to meet the country's obligations while at the same time ending austerity measures.

"None of my colleagues, or anyone in the international institutions, can tell me how this is supposed to work," German Finance Minister Wolfgang Schaeuble said in Berlin on Monday. Greek leaders are "lying to the population", he said.

The government plans to auction 1 billion euros of treasury bills on Wednesday. As much as 60 percent of the auctioned amount can be tapped on top of that in non-competitive and second-day bids. The money will be used to roll over 1.6 billion euros of short-term notes due on Friday.

The same day, Europe's most indebted state is scheduled to repay about 350 million euros to the IMF, while interest due on four bonds held by the ECB total about 110 million euros.

The Goldman Sachs derivative, now held by the National Bank of Greece, masked the country's growing debt when it was agreed in 2001, helping it meet European Union rules for entering the euro area. The interest payment adds to the country's funding woes as the government misses budget targets and the ECB refuses to allow Greek banks to keep the country afloat with additional short-term debt.

Spokesmen for the National Bank of Greece and Goldman Sachs declined to comment on the amount due for the swap, and the government didn't respond to calls and text messages seeking comment.

 Greece grabs cash as debt payments loom

A man makes his way to hang a fabric outside his shop in Athens. European governments have said they won't disburse any more emergency loans unless Greece implements economic reforms. Yorgos Karahalis / AP

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 青青操在线观看 | 成人黄色a| 亚洲欧美视频 | 麻豆网址 | 久久精品久久久久久 | 韩国精品久久久 | 精品久久久久久亚洲综合网站 | 超碰天堂 | www.免费黄色 | 91尤物国产福利在线观看 | 免费福利视频在线观看 | 麻豆av网 | 久热精品在线视频 | 伊人网在线播放 | 亚洲精品大全 | 色老汉av一区二区三区 | 奇米狠狠操 | 欧美在线视频免费观看 | 日韩一级欧美一级 | 久久久久中文字幕亚洲精品 | 国产青青青| 高跟鞋肉丝交足91 | 亚洲一区二区美女 | www国产视频 | 欧美三级一级 | 欧美69久成人做爰视频 | 一级免费视频 | 亚洲综合网在线 | 国产成人一区二区 | 亚洲精品观看 | 日韩高清国产一区在线 | 精品免费久久久 | av网站免费在线 | 久久国内精品视频 | 亚洲天堂精品在线观看 | 青青草福利视频 | 欧美一级片免费观看 | 在线网站你懂得 | 日韩欧美亚洲视频 | 91麻豆影视 | 国产毛片在线视频 |