No eas­ing of de­mands for Athens on re­cap

Kathimerini English - - Front Page -

Greece should not ex­pect the euro area to re­lax bailout re­quire­ments to meet next month’s dead­line for un­lock­ing money to re­cap­i­tal­ize its bank­ing sys­tem, Dutch Fi­nance Min­is­ter Jeroen Di­js­sel­bloem said. Of­fi­cials in Athens should suc­cess­fully nav­i­gate the first re­view of the 86-bil­lioneuro res­cue pro­gram be­fore the euro area will re­lease bank­ing funds or con­sider

Cell phone net­work Voda­fone has started its ab­sorp­tion of Hel­las Online (HOL) and yesterday an­nounced changes in the names of some prod­ucts. For ex­am­ple, HOL’s dou­ble-play (In­ter­net and land­line) pro­gram will now be named Voda­fone Home, and the in­ter­ac­tive HOL my TV ser­vice will be called Voda­fone TV. mea­sures to ease Greece’s debt bur­den, the Eurogroup pres­i­dent said at the con­clu­sion of a meet­ing of euro-area fi­nance min­is­ters in Lux­em­bourg on Mon­day. It is es­sen­tial for Greek Prime Min­is­ter Alexis Tsipras to move quickly on all the re­quired re­forms, in­clud­ing fi­nan­cial sec­tor gov­er­nance and an over­haul of its pen­sion re­forms, he said. “I’m not sure whether we can be op­ti­mistic,” Di­js­sel­bloem, who led the meet­ing, told re­porters. “You can­not ex­pect Euro­pean gov­ern­ments to put fresh money into the banks if the gov­er­nance is­sues haven’t been sorted out.” He also said that “a lot of work will have to be done in the com­ing months, so it’s very im­por­tant to main­tain that strong re­form mo­men­tum. Main­tain­ing that at­ti­tude of re­form is cru­cial to re­gain trust in­side and out­side Greece, so cru­cial for eco­nomic re­cov­ery.” The yield on two-year Greek gov­ern­ment bonds fell 16 ba­sis points to 9.81 per­cent yesterday.

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