Browse through our Interesting Nodes on Greek Advertizing & Production Services Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Tuesday, 3 December 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

The Hellenic Radio (ERA): News in English, 10-04-28

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] Inner Cabinet Meeting Discusses "Kallikratis" Plan
  • [02] Talks on Support Mechanism Sped Up

  • [01] Inner Cabinet Meeting Discusses "Kallikratis" Plan

    Wednesday, 28 April 2010 09:54

    The bill meaning to redraw administrative boundaries at a local level is to be discussed Wednesday at an inner cabinet meeting. Later on, Interior Minister Giannis Raggoussis will unveil the country's new administration map in a Press conference. According to the plan, known as "Kallikratis," 1,034 municipalities will be whittled down to less than 370. The bill is estimated to be put to vote in late May, so that the forthcoming local elections take place under the new state of affairs.

    The "Kallikratis" plan is expected to earn the government some 1.8 billion euros.

    Source: NET 105.8 News item: 35963

    [02] Talks on Support Mechanism Sped Up

    Wednesday, 28 April 2010 09:54

    Negotiations on the support mechanism for Greece are being sped up, after ratings agency Standard & Poor's slashed Greece's sovereign debt to junk status. In the meantime, analysts fear the crisis could hover over the southern European nations. Restructuring Greece's debt is not an issue, argued the EU President, further adding that he plans to hold a summit of euro-zone leaders by around May 10 to discuss Greece's fiscal crisis. The support mechanism will run high on the agenda of the talks between the German Chancellor, the IMF chief and the European Central Bank President. Dow Jones Newswires claimed that negotiations on the bailout for Greece will have concluded by 2 May. Financial Times read that the IMF plans to give another 10 billion euros to Greece.

    "Talks Are on Good Track"

    "There is no question about restructuring of the debt," assured EU President Herman Van Rompuy.

    In a Press conference given on the sidelines of the EU-Japan summit, the EU President underlined, "The negotiations are going on and they are well on track."

    "On the basis of reports to be finalized in the coming days, the heads of state and of government will decide to activate the financing of the joint program under negotiation now between the European Commission, the European Central Bank and the International Monetary Fund, and of course the Greek government," added he.

    Neither Greece no other eurozone nation will stop payments, the European Central Bank head Jean-Claude Trichet.

    "Unpleasant Medicine"

    Unless aid is given to Greece, things would turn "untenable," warned International Monetary Fund head Dominique Strauss-Kahn in his interview with French paper La Tribune.

    "We are there to help the Greeks. If we don't help them, they will be in an untenable situation" Dominique Strauss-Kahn

    The Greeks have to swallow an "unpleasant medicine" and to accept external aid if they wish to overcome their debt crisis, stressed Strauss-Kahn.

    "The Greeks have to realise that straightening out their public accounts, after many years of careless drifting, will be painful and difficult. But there is no other solution to get out of this," argued he.

    Britain's Financial Times, citing bankers and US officials, read Wednesday that the IMF is planning raising its contribution to the support mechanism for Greece by 10 billion euros

    Source: AFP, Reuters, NET 105.8, ANA/MPA News item: 35962


    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    eraen2html v1.01 run on Wednesday, 28 April 2010 - 8:44:47 UTC