和谐英语

您现在的位置是:首页 > 英语新闻 > 国际英语新闻

正文

国际英语新闻:Greece may introduce additional austerity measures to meet targets

2010-06-02来源:和谐英语
In May, Greece received the first 20-billion-euro (24.6-billion-U.S. dollar) low interest loan from the EU and the IMF to meet urgent financing needs.

According to the agreement, Athens will get 40 billion euros this year and a total of 110 billion euros over a three year period to put the Greek economy back on the right track.

Papaconstantinou repeatedly expressed confidence that Greece will meet the goals set to reduce a huge budget deficit by 10 percentage points and return to growth over a three-year period.

In an interview with the Greek national television, he said the current policies are good enough to tackle the problem, without excluding more measures in the future.

The minister also confirmed reports that Greece could return to the markets in July for first time after the activation of the EU-IMF safety net.

The Greek authorities examine the prospect of launching a treasury bill auction to cover maturing debts of around 5 billion euros. (6.15 billion dollars)

"We have a short-term debt expiring in July. Then we will be in the markets. It will depend on the interest rates," the minister said.

The interest rates of Greek treasury bills on international financial markets have become too high this year, which added pressure to the government to resort to the EU-IMF support mechanism.