Friday, March 20, 2015

Europe delivers two billion euros to Greece – CNNExpansión.com

BRUSSELS (Reuters) – The European Commission announced Friday that deliver 2,000 million at Greece , who is in plight of liquidity, while the leaders of the eurozone urge Athens to present their list of promised reforms as soon as possible.

The resources are part of Community funds already allocated to the Hellenic country and so far had not been used, said at a press conference the President of the Commission, Jean-Claude Juncker, at the end of a summit European Union in Brussels.

The funds are intended to finance measures to promote growth, social cohesion and job creation, the official said after the summit where also the Greek Prime Minister Alexis Tsipras had lengthy negotiations with leaders Germany, France and the creditor institutions of Athens.

President of the EC, Jean-Claude Juncker, said the country has “a serious social problem, which in effect is a humanitarian crisis” and, therefore, “needs help from the EU budget” .

The funds will go to feed boxes griegoy State must be invested in favorable sectors for growth prospects to provide an answer to the problem of mass unemployment of young people, the official said.

Due to the severity of their financial situation, Greece will have access to the amount privileged conditions: must assume 5.0% funding of projects benefiting from the bottom, compared to the normal rate of 15%.

Also, a task force created by Brussels will help the Greek government to absorb supplies efficiently.

Greece urgently needs funds for up to 7,000 million euros to meet debt maturities over the medium term, both in the markets as the International Monetary Fund (IMF ).

But European partners choose the time for giving a lime and sand to Athens, to force him to submit proposals considered clear and convincing. The Greek government will present its reforms in the “coming days,” said a statement after the meeting in Brussels.



Greece reimburses 35 mde the IMF

Meanwhile, Prime Minister of Greece, Alexis Tsipras, announced that his country this day reimbursed 350 million euros (377 million dollars) for the maturities of March loan received from the International Monetary Fund (IMF).

He assured that does not face liquidity problems in the short term. “We will fulfill our commitments to the Greek people, but also with creditors,” said the end of a two-day summit with their counterparts in the Veintiocho.

With information from Notimex and AFP

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