News and Review of European Economic Zone (Greece)
Greece Proposal Submission Recent Reforms
Monday, June 22, 2015
Greece submitted a new reform proposals to creditors, such a move could be the last effort to get aid Greece to avoid default next June 30. Athens government has said that without the aid, Greece will not be able to pay the debt due on that date amounted to € 1.5 billion to the International Monetary Fund.
The Greek government on Sunday approved a package of proposals with regard to budgets in order to meet the demands of its creditors to achieve the fiscal targets.
President of France, Francois Hollande, confirmed Greece has submitted a new proposal. While EU diplomats say the proposal has not been accepted, but the representatives of Greece and its creditors, including the IMF will say will soon have a meeting.
Fear of default makes miiaran euro fund reportedly withdrawn from banks in Greece last week. Quoting from CNBC, several sources in Frankfurt and Brussels said the European Central Bank board members will meet today to discuss the emergency loan program for Greece. The source said pre-orders for withdrawal on the day in Greece has reached € 1 billion.
Greece Proposal Submission Recent Reforms
Monday, June 22, 2015
Greece submitted a new reform proposals to creditors, such a move could be the last effort to get aid Greece to avoid default next June 30. Athens government has said that without the aid, Greece will not be able to pay the debt due on that date amounted to € 1.5 billion to the International Monetary Fund.
The Greek government on Sunday approved a package of proposals with regard to budgets in order to meet the demands of its creditors to achieve the fiscal targets.
President of France, Francois Hollande, confirmed Greece has submitted a new proposal. While EU diplomats say the proposal has not been accepted, but the representatives of Greece and its creditors, including the IMF will say will soon have a meeting.
Fear of default makes miiaran euro fund reportedly withdrawn from banks in Greece last week. Quoting from CNBC, several sources in Frankfurt and Brussels said the European Central Bank board members will meet today to discuss the emergency loan program for Greece. The source said pre-orders for withdrawal on the day in Greece has reached € 1 billion.
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