Friday, March 20, 2015

EU Commission President Juncker wants to help Greece – THE WORLD

The European Commission wants to grab more financially under the arms Greece. President Jean-Claude Juncker said on Friday in Brussels, the EU wants to help retrieve two billion euros this year, the unused lie far in European and Structural Funds Athens.

It is no wish to” fill the coffers of the state, “said Juncker, but to strengthen the capacity of Athens, to create growth and social cohesion.

Brussels have a “technical team” together to help the Greek authorities to share the money. Juncker stressed at the EU summit that Greece actually already “preferential treatment” in this area enjoy. Instead of the usual 15 percent co-payment, the Greek side would contribute only five percent. He wanted that Greece get the chance “to invest this money into the areas that create growth prospects”. The aim is to provide an answer to the “massive youth unemployment” in Greece, said the Commission President.

Juncker had in the early hours of Friday at a summit meeting participated with the Greek Prime Minister Alexis Tsipiras. This is Tsipras was required to submit in the coming days a comprehensive reform program in order to get financial support from the extended pilot program of the Euro-partner.

Juncker According he had Tsipras the use of unused funds from the Structural Funds already offered during his visit last week in Brussels.

  • EFSF: 1.8 billion
  • SMP: 1.9 billion
  • IMF: 3.5 billion
  • Bank funds: 10 billion

Meanwhile, Greece paid back on time 348.5 million euros to the International Monetary Fund. An additional 1.6 billion euros brought to the country for the refund of short-term government bonds, as reported from a person familiar with the transaction source. Even more overdue repayments were made on time on Friday. “Everything is paid,” it said.

Overall, the total was reported to have around 2.5 billion euros. Greece is in acute financial. Therefore, had been waiting eagerly to see whether the country would be able to repay the installments due on time.

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