BN 06/20 15:47 *EU COMMISSION PLAN LINKED TO GREECE ACCEPTING CONDITIONS: FAZ
BN 06/20 15:47 *EU COMMISSION GREEK PLAN SEES GRANTING EU6 BLN ESM BRIDGE: FAZ
BN 06/20 15:47 *EU COMMISSION NEW PLAN SEES EXTENDING GREEK AID TO SEPT: FAZ
BN 06/20 15:47 *EU COMMISSION GREEK PLAN SEES GRANTING EU6 BLN ESM BRIDGE: FAZ
BN 06/20 15:47 *EU COMMISSION NEW PLAN SEES EXTENDING GREEK AID TO SEPT: FAZ
EU Commission’s New Plan Sees Extending Greek Aid to Sept: FAS
2015-06-20 16:01:16.870 GMT
By Brian Parkin
(Bloomberg) -- Greece may gain extension of current aid
program to at least Sept as well as a EU6b transfer of ESM funds
to tide it over provided the Tsipras govt agrees to EU
Commission reform proposals, the Frankfurter Allgemeine
Sonntagszeitung says citing no one.
* Greece agreement would unlock ESM fund money plus EU3.7b
outstanding in current aid package: FAS
* Commission proposal entails Greece acceding to extra EU4.5b
-- worth 2.5% of GDP -- in blend of spending cuts and VAT
rate changes: FAS
* EU1.8b -- equal to 1% of GDP -- must derive from pension
payment cuts and higher VAT receipts: FAS
* Athens proposes VAT changes worth 0.75% of GDP but balks at
pension savings in favor of seeking revenue from other taxes
and fees worth about 2% of GDP: FAS
* 3 institutions reject proposal to substitute pension reform
by tapping other revenue sources: FAS
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Parkin at +49-30-70010-6229 or
bparkin@bloomberg.net
2015-06-20 16:01:16.870 GMT
By Brian Parkin
(Bloomberg) -- Greece may gain extension of current aid
program to at least Sept as well as a EU6b transfer of ESM funds
to tide it over provided the Tsipras govt agrees to EU
Commission reform proposals, the Frankfurter Allgemeine
Sonntagszeitung says citing no one.
* Greece agreement would unlock ESM fund money plus EU3.7b
outstanding in current aid package: FAS
* Commission proposal entails Greece acceding to extra EU4.5b
-- worth 2.5% of GDP -- in blend of spending cuts and VAT
rate changes: FAS
* EU1.8b -- equal to 1% of GDP -- must derive from pension
payment cuts and higher VAT receipts: FAS
* Athens proposes VAT changes worth 0.75% of GDP but balks at
pension savings in favor of seeking revenue from other taxes
and fees worth about 2% of GDP: FAS
* 3 institutions reject proposal to substitute pension reform
by tapping other revenue sources: FAS
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Parkin at +49-30-70010-6229 or
bparkin@bloomberg.net