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Greek premier defiant as bailout talks enter 'homestretch' ATHENS: Greek Prime Minister Alexis Tsipras said Saturday he believes a bailout deal with creditors is nearing, yet remained adamant that there are strict limits to demands Athens will accept."We have done what we ought to do, now it's Europe's turn to do so," Tsipras said in a speech to his hard-left Syriza party's central committee, where he claimed the country is "in the homestretch of a painful and difficult period." The Syriza-led government is locked in talks with the European Union, European Central Bank and the International Monetary Fund to release a blocked final 7.2-billion-euro ($7.9 billon) tranche of its 240-billion-euro bailout.In exchange for the remaining aid, creditors are demanding Greece accept tough reforms and spending cuts that anti-austerity Syriza pledged to reject when it was elected in January. In his speech, Tsipras sought to appease prominent members of his party who are urging the government to stick by ...

Greek PM says on final stretch towards deal with lenders ATHENS: Greece's Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity."We are on the final stretch of a painful period shaped by the government's negotiations with the institutions," Tsipras, back from an EU leaders summit in Riga, told his party's central committee.He said the majority of Greeks supported the ...
German woman, 65 and mother of 13, has quadruplets BERLIN: A 65-year-old German woman, who is already a mother of 13 children, has given birth to quadruplets after undergoing an artificial insemination procedure in Ukraine, RTL television reported early on Saturday.The three boys and one girl were born premature at 26 weeks in a Berlin hospital but have "good chances of surviving," the report said.The mother, Berlin resident Annegret Raunigk, is an English and Russian teacher close to retirement and in addition to her ...
Merkel sets tone for EU summit with eastern partners RIGA: German Chancellor Angela Merkel cautioned the EU's eastern partners Thursday not to expect too much of the bloc while warning Russia to mend its ways over Ukraine if it wanted to rejoin the international community.At the same time, Merkel, who has played a key role in searching for a peaceful solution to the Ukraine conflict, made clear Russia had no reason to fear closer ties between the 28-nation bloc and six of its Soviet-era ...
Merkel to meet Egyptian president amid rights criticism BERLIN: German Chancellor Angela Merkel still plans to meet Egypt's president when he visits next month, her spokesman said Wednesday, after Germany's parliament speaker called off his talks citing rights violations.The parliament speaker, Norbert Lammert, said on Tuesday that he had written to the Egyptian ambassador in Berlin cancelling his meeting with President Abdel Fattah al-Sisi due to human rights abuses."Instead of the long anticipated scheduling of parliament elections, we've been seeing for months a ...
Poroshenko says Ukraine waging 'real war' with Russia KIEV: Ukrainian President Petro Poroshenko sparked fresh Kremlin fury on Wednesday by warning that his crisis-torn country was fighting a "real war" against Russian aggressors that could escalate at any time.The pro-Western leader said the weekend capture of two purported Russian special forces members proved that the separatist uprising in the industrial east of Ukraine was a guise for a Moscow-orchestrated campaign aimed at breaking up the ex-Soviet state."Can I be absolutely clear with you ...
'No question' of migrant quotas in Europe: Hollande BERLIN: French President Francois Hollande said on Tuesday there was "no question" of introducing a migrant quota system in Europe, as proposed by the European Commission.Speaking at a joint press conference with German Chancellor Angela Merkel, Hollande said there was "no question of having immigrant quotas" because rules on border checks and policies for controlling immigration already existed.Copyright AFP (Agence France-Presse), 2015 ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln