×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Greece | Bailout

Greece: No Further Austerity as Part of Bailout Deal

Greece: No Further Austerity as Part of Bailout Deal

Thursday, 16 February 2017 09:07 AM EST

ATHENS, Greece (AP) — The Greek government says the country's economy has met its budget targets and there is therefore no reason for any further austerity measures to be imposed as part of a deal with international bailout creditors.

Greece has been struggling for months to conclude negotiations with its creditors on spending cuts and reforms demanded as part of its third bailout program. It hopes to reach an agreement in time for a Monday meeting of eurozone finance ministers.

Government spokesman Dimitris Tzanakopoulos said Thursday no further austerity should be imposed on the Greek people, and said the key to reaching an agreement was for the International Monetary Fund and Germany's finance ministry to "return to reality."

Without a deal, Greece will be unable to receive the next installment of rescue loans.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The Greek government says the country's economy has met its budget targets and there is therefore no reason for any further austerity measures to be imposed as part of a deal with international bailout creditors.Greece has been struggling for months to conclude negotiations...
EU,Greece,Bailout
132
2017-07-16
Thursday, 16 February 2017 09:07 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved