【女征男】NYC 纽约女征靠谱男友！# Piebridge - 鹊桥
r*5
1 楼
Greece Set for Severe Bail-Out Conditions
Published: Sunday, 29 May 2011 | 8:05 PM ET
European leaders are negotiating a deal that would lead to unprecedented
outside intervention in the Greek economy, including international
involvement in tax collection and privatization of state assets, in exchange
for new bail-out loans for Athens.
People involved in the talks said the package would also include incentives
for private holders of Greek debt voluntarily to extend Athens’ repayment
schedule, as well as another round of austerity measures.
Officials hope that as much as half of the 0 billion-0 billion ($86
billion-$100 billion) in new financing needed by Athens until the end of
2013 could be accounted for without new loans. Under a plan advocated by
some, much of that would be covered by the sale of state assets and the
change in repayment terms for private debtholders.
Eurozone countries and the International Monetary Fund would then need to
lend an additional 0 billion-5 billion on top of the 10 billion
already promised as part of the bail-out program agreed last year.
Officials warned, however, that almost every element of the new package
faced significant opposition from at least one of the governments and
institutions involved in the current negotiations and a deal could still
unravel.
In the latest setback, the Greek government failed on Friday to win cross-
party agreement on the new austerity measures, which European Union lenders
have insisted is a prerequisite to another bail-out.
In addition, the European Central Bank remains opposed to any restructuring
of Greek debt that could be considered a “credit event” – a change in
terms that could technically be ruled a default.
One senior European official involved in the talks, however, said ECB
objections could be overcome if the rescheduling was structured properly.
Despite the hurdles, pressure is building to have a deal done within three
weeks because of an IMF threat to withhold its portion of June’s 2
billion bail-out payment unless Athens can show it can meet all its
financing requirements for the next 12 months.
Officials think Greece will be unable to return to the financial markets to
raise money on its own in March — as originally planned in the current 10
billion package — meaning that the IMF is now forbidden from distributing
any additional cash. Without the IMF funds, eurozone governments would
either be forced to fill the gap or Athens could default.
To bring the IMF back in, the new deal must be reached by a scheduled
meeting of EU finance ministers on June 20.
Published: Sunday, 29 May 2011 | 8:05 PM ET
European leaders are negotiating a deal that would lead to unprecedented
outside intervention in the Greek economy, including international
involvement in tax collection and privatization of state assets, in exchange
for new bail-out loans for Athens.
People involved in the talks said the package would also include incentives
for private holders of Greek debt voluntarily to extend Athens’ repayment
schedule, as well as another round of austerity measures.
Officials hope that as much as half of the 0 billion-0 billion ($86
billion-$100 billion) in new financing needed by Athens until the end of
2013 could be accounted for without new loans. Under a plan advocated by
some, much of that would be covered by the sale of state assets and the
change in repayment terms for private debtholders.
Eurozone countries and the International Monetary Fund would then need to
lend an additional 0 billion-5 billion on top of the 10 billion
already promised as part of the bail-out program agreed last year.
Officials warned, however, that almost every element of the new package
faced significant opposition from at least one of the governments and
institutions involved in the current negotiations and a deal could still
unravel.
In the latest setback, the Greek government failed on Friday to win cross-
party agreement on the new austerity measures, which European Union lenders
have insisted is a prerequisite to another bail-out.
In addition, the European Central Bank remains opposed to any restructuring
of Greek debt that could be considered a “credit event” – a change in
terms that could technically be ruled a default.
One senior European official involved in the talks, however, said ECB
objections could be overcome if the rescheduling was structured properly.
Despite the hurdles, pressure is building to have a deal done within three
weeks because of an IMF threat to withhold its portion of June’s 2
billion bail-out payment unless Athens can show it can meet all its
financing requirements for the next 12 months.
Officials think Greece will be unable to return to the financial markets to
raise money on its own in March — as originally planned in the current 10
billion package — meaning that the IMF is now forbidden from distributing
any additional cash. Without the IMF funds, eurozone governments would
either be forced to fill the gap or Athens could default.
To bring the IMF back in, the new deal must be reached by a scheduled
meeting of EU finance ministers on June 20.
