Greece is yet unaware of how to make its debt sustainable unlike Athens may get two years to release its debt.
Eurogroup, the euro zone finance ministers will hold a meeting in Brussels where the main agenda will be how to release the lending to Greece. But, they will not release any new loan tranche in spite of tough time Greece is going through.
Greek parliament passed an austerity budget on Sunday to release the next tranche of 31.5 billion euros loan from the Eurogroup. Final decision is still pending and a second meeting may be called to make up that. Final agreement will be based on how to make Greek debt sustainable after wastrel ways put it into heavy debt crisis in 2010.
However, European Central Bank Executive Board Member, Joerg Asmussen has said that Greece would still struggle with its present condition till 2020 and the debt on it won't come down to a manageable level by then.
Greece will enter into sixth year of its recession in 2013 and will take at least two more years to make downward trend towards it debt. The country has to put in extra time to be able to repay its debt and start rowing again.
At the PAX East event this weekend, Harmonix laid down its plans for Rock Band 4 game in 2016, revealing that it has plans underway to launch a big expansion pack of the game this fall.
According to Harmonix's announcement, the...
A new study by the Massachusetts Institute of Technology (MIT) has revealed that Istanbul lies...
The Michael J Fox Foundation is aiming to test wearable sensors in smart watches made by Intel's...
In a Friday announcement, Fiat Chrysler said that it is recalling nearly 1.1 million vehicles due to a transmission shifter issue. The automaker said that the problem which has resulted in the recall can cause the affected vehicles to roll away...
In January, trade surplus of Germany decreased since plunge in imports was more than a drop in...
Tech giant Google has revealed in a recent announcement that its latest Nik Collection of photo...
German drugmaker Merck said that its experimental cancer medicine evofosfamidehas failed in the last stage of clinical tests due to which it won't seek regulatory approval for its treatment.
On Monday, Darmstadt, Germany-based Merck said...
In a recent announcement, Amazon has revealed that it...
Sirin Labs, a 2013-founded stealth Israeli startup, has...
In an announcement made via a blog post on Thursday,...
In a Friday announcement, Fiat Chrysler said that it is...
© 2011 AustrianTribune - Tribune Online Services. All times CET (GMT + 1.00).