Greece sends reform plan to EU promising new tax hikes
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Eurozone leaders have agreed to offer Greece a third bailout, after marathon talks in Brussels. Laws passed, Greece to open bailout talks as recession pushes goals further. Presented By: http://videochef.co/
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Greece sends reform plan to EU promising new tax hikes
- 2. GREECE EU GREEK BANKS RATIONED ClossJune 29, REFORM PLAN GREEK BANKS HAVE BEEN CLOSED SINCE JUNE 29 GREECE SENDS REFORM PLAN TO EU PROMISING NEW TAX HIKES when capital controls were imposed and cash withdrawals rationed after the collapse of previous bailout talks.
- 3. GREECE IMF loan repayment Financial Aid IMF LOAN Greece defaulted on an IMF loan repayment the following day and now faces a critical July 20 bond redemption to the ECB of 3.49 billion euros, which it cannot make without aid.
- 4. 240 BILLION EUROS240 BILLION EUROS 240 Billion 25% The country has had two bailouts worth 240 billion euros from the euro zone and the IMF since 2010, but its economy has shrunk by a quarter, unemployment is more than 25 percent and one in two young people is out of work.
- 5. GREEK GOVERNMENT EU Votebankruptcy 00:01 REFORM The Greek government sent a package of reform proposals to its euro zone creditors on Thursday in a race to win new funds to avert bankruptcy and will seek a parliamentary vote on Friday to endorse immediate actions.
- 6. EU 53.5 billion 2018 REPROFILING SURPLUS TARGETS IMF In the latest proposals, Greece has asked for 53.5 billion euros ($59 billion) to help cover its debts until 2018, a review of primary surplus targets and "reprofiling" the country's long-term debt.
- 7. EURO ZONE EURO ZONE GIVES GREECE UNTIL SUNDAY FOR FINAL DEBT DEAL EU Euro zone gives Greece until Sunday for Final debt deal
- 8. LAWS PASSED APPROVE THE SECOND PACKAGE OF REFORM MEASURES. Greece to open bailout talks as recession pushes goals further After another marathon session that ended in the early hours of Thursday, the Greek parliament voted overwhelmingly to approve the second package of reform measures.