Sunday, March 29, 2015

Greece: 3 billion euros more? – Boursier.com

(Boursier.com) – Athens has unveiled the list of reforms demanded by its creditors to obtain the release of new urgent financial assistance to the country, which could soon face a default .. . The Government of Alexis Tsipras and considering measures to increase state revenues of 3 billion euros, according to a senior government official quoted by Reuters news agency.

” The measures proposed in the list of reforms provide for revenue of € 3 billion in 2015, which will by no means the product of a salary reduction or retreats, “reported the top Greek official. “The list does not include a recession-related measures.” Also according to Reuters, the list also reported a primary budget surplus (excluding debt service) of 1.5% of gross domestic product (GDP) in 2015, less than half the objective set out in the bailout program the EU and the IMF, and a growth of 1.4%.

Now that Athens has delivered this list of reforms, creditors of the European Union and International Monetary Fund, now combined in the Brussels Group (formerly Troika), will begin to study this Saturday.

The situation remains tense in Greece, while economists at Deutsche Bank believe that the government could go bankrupt on 9 April, when he must repay a maturity of 460 million euros in the International Monetary Fund. According to sources cited by the agency ‘Reuters’, Greece might be able to “take” a little longer, until April 20, provided that the government use short-term loans from public institution Greek …

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