All
 

 

Just in:  

You are here: Home»World»Business & Economy»Budget approval will secure aid fund release: Greek FM

Greek-Finance-Minister-YannATHENS: Greek Finance Minister Yannis Stournaras made a last minute plea to parliament on Sunday to adopt the 2013 austerity budget, saying it would assure the release of aid funds needed to prevent the country from going bankrupt.

 

Minutes ahead of a key vote on the budget, Stournaras told parliament that "with a positive vote ... no one can say that Greece has not held to its commitments".

 

"I assure you in the most categoric manner that the tranche (of aid funds) will be released in an imminent fashion," he said.

 

The budget which includes draconian cuts must pass for Greece to have any chance of unlocking a 31.5 billion euro ($40 billion) tranche of bailout funds from its three international creditors -- the European Union, the International Monetary Fund and the European Central Bank.

 

Copyright AFP (Agence France-Presse), 2012


 



 
Index Closing Chg%
Arrow DJIA 15,387.58 0.34
Arrow Nasdaq 3,502.12 0.16
Arrow S&P 1,669.16 0.17
Arrow FTSE 6,803.87 0.71
Arrow DAX 8,472.20 0.19
Arrow CAC-40 4,036.18 0.33
Arrow Nikkei 15,381.02 0.13
Arrow H.Seng 23,366.37 0.54
Arrow Sensex 20,111.61 0.56






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln