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Greece and troika spar over Athens’ finance gap

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2 years ago

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Greece interrupted its ongoing negotiations with the troika of lenders on Thursday to hold talks…

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Greece interrupted its ongoing negotiations with the troika of lenders on Thursday to hold talks with its eurozone counterparts amid a row over its 2014 budget projections.

Officials in Athens were quoted by AFP as saying talks to unlock a one billion euro installment of aid may last until Christmas.

Its international creditors estimate next year’s budget gap will be from 2.0 to 2.5 billion euros.

Athens says it will be just over 500 million euros.

Greek Finance Minister Yannis Stournaras told reporters in Brussels that “nobody can deny the progress that Greece has achieved so far”.

Greece has rejected new tax hikes and further wage or pension cuts, our correspondent in Brussels says.

“A big problem for the negotiations between Greece and the troika is the way of financing the fiscal gap of 2014,” reports Euronews’ Efi Koutsokosta.

“Athens points to its primary surplus, saying it cannot afford any other measures.”

But there was good news for Dublin.

Ireland will exit its bailout program without a precautionary credit line, Irish Prime Minister Enda Kenny said on Thursday.

German Finance Minister Wolfgang Schäuble said the move proved that “our policy of stabilising and defence of the single currency was successful and correct”.

He added that Spain will exit its bank support programme “by the end of the year.”

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1 Comment

  1. @abarzilai0334

    April 25, 2024 at 6:39 am

    How about instead of tax raises the troika goes for tax cuts for Greece

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More world leaders arrive in Doha to honour Qatar’s former emir

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July 19, 2026

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More world leaders arrive in Doha to honour Qatar’s former emir

European delegations continued to arrive in Qatar on the third day of national mourning, with France, Germany and Britain among those sending senior representatives, as Iran’s foreign minister, the UAE president, Jordan’s king and Palestinian president also paid their respects.

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

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July 19, 2026

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

Australia’s Museum of Old and New Art (MONA) has opened its highly anticipated new library, featuring 30,000 items, including Shakespeare’s First Folio. The collection ranges from children’s books and artworks to rare books and historic maps.

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Latest news bulletin | July 16th, 2026 – Morning

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July 19, 2026

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Latest news bulletin | July 16th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 16th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Latest news bulletin | June 25th, 2026 – Morning

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July 19, 2026

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Latest news bulletin | June 25th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this June 25th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Queen Elizabeth’s coffin travels from Buckingham Palace to Westminster

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4 hours ago

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July 19, 2026

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The coffin with late Queen Elizabeth II’s body travels from Buckingham Palace to Westminster through central London on a gun carriage, with the king and other royals walking behind.

It will be placed in Parliament’s medieval Westminster Hall, where the Archbishop of Canterbury will conduct a short service. The queen will then lie-in-state for four days, until the morning of her funeral. Members of the public will be able to pay their respects and troops will keep a round-the-clock vigil.

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