Skip to content
This site uses cookies. By continuing to browse, you agree to the use of cookies. You can change your settings or learn more here.
OK
#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Ireland's Finance Minister Michael Noonan, right, greets Greece's Finance Minister Yannis Stournaras during a meeting last month.
Ireland's Finance Minister Michael Noonan, right, greets Greece's Finance Minister Yannis Stournaras during a meeting last month.
Image: Geert Vanden Wijngaert/AP/Press Association Images

Eurozone ministers to decide if Greece should get bailout money

Minister Michael Noonan is in Brussels today for the talks.
Jul 8th 2013, 8:20 AM 3,031 14

FINANCE MINISTERS FROM across the eurozone are in Brussels today to discuss whether to release the next tranche of rescue funds to embattled Greece.

A last-minute agreement between the Troika and Athens needs to be reached before the €6.3 billion is granted. Over the past month, officials have been assessing progess in the Greek bailout programme but there are still steps to be undertaken before the Troika is satisfied.

It is understood that Greece’s Finance Minister Yannis Stournaras will leave for Belgium this afternoon with representatives from the IMF, the European Union and the European Central Bank and that talks will continue on the plane.

As part of the deal, Greece will be expected to cut a further 4,000 public sector jobs, while redeploying 25,000 others. Those changes will need to be put into law at parliament tomorrow, once an agreement is finalised.

Since 2010, a total of €240 billion has been pumped into Greece.

Meanwhile, back in Brussels, there will be considerable interest in the Portuguese delegate Maria Luís Albuquerque as it his her first time attending as Portugal’s finance minister. She was appointed to much controversy – and almost to the detriment of the entire political system – last week by Prime Minister Passos Coelho.

-Additional reporting by AFP

Rewind: A look at what the Anglo Tapes have meant for Ireland

Cyprus launches criminal investigation into banking crisis

Over 26 million people in the EU were unemployed last month

Send a tip to the author

Sinead O'Carroll

COMMENTS (14)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a comment

     
    cancel reply
    Back to top