Haberler    English    العربية    Pусский    Kurdî    Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/01/2019 12:33 
21.08.2018 00:58 News >> Greece Emerges From Bailout After 8 Years

Greece Emerges From Bailout After 8 Years

Greeks fear it may lead to more austerity measures.

Greece has emerged from its final three-year bailout program after eight years of rescue funds of more than €260 billion ($300 billion) lent by euro zone partners and the International Monetary Fund.

A program helped the country stay afloat but burdened Greeks with extra taxes, tough austerity measures while pushing many Greeks into poverty.

Private businesses shut down, while unemployment hit its lowest rate.

EU Commissioner for Economic and Financial Affairs Pierre Moscovici said Monday, "Greece can finally turn a page in a crisis that has lasted too long.

"The worst is over, the hardest work has been done, and the most difficult part is behind us" he added during a news conference.

Greeks, however, have a different opinion. There is no festive mood amongst those who believe it might signal stricter austerity measures.

Michalis Lignos, 78, and pensioner said nothing will change. "The measures will continue so what's the difference?" he said.

"Citizens will soon feel the difference," government spokesman Dimitris Tzanakopoulos said in a radio interview.

Maria Papa, 37, a private sector employee said "taxes will remain taxes, are they going to raise the minimum wage salary which is €586. How will families survive with these salaries.

Papa said in her work since the crisis, 12 people have lost their jobs or have gone part-time.

Prime Minster Alexis Tsipras is expected to give a speech Tuesday from the island of the Ionian Sea, Ithaca.

In April 2010, former Prime Minister George Papandreou gave a speech from the Aegean island of Kastellorizo asking for the rescue package from its partners and the International Monetary Fund. -



        Latest News
Palestinian İnmates Reject Meals Over Israeli Assaults 8 minutes ago...
Israeli forces stormed a section of Ofer Prison where they attacked Palestinian inmates with teargas.
Ypg/Pkk Biggest Threat To Kurds After Daesh' 23 minutes ago...
Head of Kurdish National Council in Syria blasts terror group saying they harmed Kurds more than Assad regime.
Death Toll From Road Accident İn Pakistan Rises To 27 23 minutes ago...
On Monday, passenger bus, fuel carrying truck collided in southwestern Balochistan province.
US Urges Peshmerga, Iraqi Army To Cooperate 'More' 23 minutes ago...
Relations between Iraqi army, Peshmerga forces deteriorated in 2017 after referendum on Kurdish regional independence.
Australian Open: Collins, Tsitsipas Reach Semifinals -7 minutes ago...
Collins beats Pavlyuchenkova and Tsitsipas defeats Agut to advance to semis.

 
      Top News
Update - Afghanistan: Death Toll Rises To 50 İn Suicide Car Bomb Update - Afghanistan: Death Toll Rises To 50 İn Suicide Car Bomb
Tensions Rise As Japan Ends Talks With South Korea Tensions Rise As Japan Ends Talks With South Korea
Eurozone Gov't Debt/Gdp Ratio At 86.1 Pct İn Q3 2018 Eurozone Gov't Debt/Gdp Ratio At 86.1 Pct İn Q3 2018
Turkey Helps Sudanese Students Study Quran İn Istanbul Turkey Helps Sudanese Students Study Quran İn Istanbul
7 Pct Of Enterprises Use Robots İn 2018: Eu Data 7 Pct Of Enterprises Use Robots İn 2018: Eu Data
PKK Presence İn Iraq's Sinjar Threatens Turkmens' PKK Presence İn Iraq's Sinjar Threatens Turkmens'
31 Rohingya Stranded Between India, Bangladesh Border 31 Rohingya Stranded Between India, Bangladesh Border
Israel Launches Attacks On Iranian Targets İn Syria Israel Launches Attacks On Iranian Targets İn Syria
Philippines: Mılf Seeks More Turkish Support After Vote Philippines: Mılf Seeks More Turkish Support After Vote
Pakistan, US Agree To Advance Afghan Peace Process Pakistan, US Agree To Advance Afghan Peace Process