Greece premier presents tough reforms / Greece expects to receive next bail-out tranche

Author (Person)
Series Title
Series Details 3.6.11
Publication Date 03/06/2011
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Article reported that Greece's prime minister George Papandreou would present a tough new economic reform package to Jean-Claude Juncker, chair of the eurozone group, on the 3 June 2011 in a bid to secure a fresh €60bn bail-out loan and avert a forced debt restructuring.

'It's a critical moment', said a senior Greek banker. 'Greece has to make clear it's committed to overcoming political obstacles to implementing reform'.

According to Kathimerini, following the meeting Eurogroup Chairman Jean-Claude Juncker appeared confident that an agreement could be reached between Greece and its eurozone partners for the release of a fifth tranche of emergency funding and possibly also a second bailout package.

Related Links
BBC News, 3.6.11: Greece: New bail-out package 'agreed', a report says http://www.bbc.co.uk/news/business-13637902
ESO: Background information: Greece goes further into junk territory http://www.europeansources.info/record/greece-goes-further-into-junk-territory/
BBC News, 2.6.11: Greece default risk at 50:50 says Moody's http://www.bbc.co.uk/news/business-13625084
Kathimerini, 2.6.11: PM to unveil new fiscal plan, more taxes http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_14_02/06/2011_393412
Kathimerini, 2.6.11: Group of PASOK MPs turn on premier http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_2892_02/06/2011_393411
Deutsche Welle, 1.6.11: Greece steps closer to fresh bailout loans http://www.dw-world.de/dw/article/0,,15122105,00.html
ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/
European Commission: RAPID: MEMO/11/372: Statement by the European Commission, the ECB and IMF on the Fourth Review Mission to Greece http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/372&format=PDF&aged=0&language=EN&guiLanguage=en
European Commission: RAPID: MEMO/11/373: Remarks by Commissioner Olli Rehn following the conclusion of the Fourth Review Mission to Greece http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/373&format=PDF&aged=0&language=EN&guiLanguage=en
Kathimerini, 3.6.11: Greece moves closer to second bailout package http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1841_03/06/2011_393559
Kathimerini, 3.6.11: Troika clears fifth bailout tranche http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_28274_03/06/2011_393546
EurActiv, 3.6.11: EU agrees in principle on new Greek bailout http://www.euractiv.com/euro-finance/eu-agrees-principle-new-greek-ba-news-505302

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