Published: 2015/7/11 7:30 • 6 Reads
International (Forat) -There won’t be a summit on Sunday if a deal on aid for Greece is reached at Saturday’s Eurogroup meeting, a European official said at a briefing on Friday.
A senior EU official said a list of proposed “prior actions” from Greece was received by the Eurogroup on Thursday night and the European institutions have access to it.
“On 10 a.m. Saturday (0800 GMT), the Euro working group will look at the assessment of the institutions about the prior actions to see if conditions are met,” the official said.
He added that if Saturday’s Eurogroup meeting led to an agreement there would be no summit on Sunday, and if no agreement, the consequences were “quite clear”.
The official also said that bridge financing for Greece would also be discussed if the aid program was agreed upon at the Eurogroup meeting.
Greece submitted its formal request to the European Stability Mechanism (ESM) on Wednesday, asking for a three-year loan from the bailout fund. The financially-troubled country then submitted a detailed reform proposals to Eurogroup on Thursday night, aiming to avoid a possible Greek default and “Grexit.”
EU leaders have set Sunday as the other deadline for the month-long deadlocked Greek debt talks and warned that Greece may have to quit the currency zone if relevant parties fail to reach an agreement. /End/
Updated: 2015/7/10 23:53
Khandan – the international coalition fighter jets launched intense raids on nests organization “Daash” terrorist in the left and right sides of the city of Mosul.
According Ghias Alsorچa media organizations Mosul official of the Patriotic Union of Kurdistan Center told the “Khandan”, that the international airline alliance launched shortly before intensive raids on nests organization “Daash” terrorist in the left and right sides of the city of Mosul.
He pointed out that Alsorچa coalition aircraft are still flying in the atmosphere of Mosul – while preparing for Br-, to launch more strikes against the nests of terrorists “Daash” After that targeted six sites for terrorists.
He Alsorچa that information obtained confirms that the strikes caused human and material losses serious organized “Daash” terrorist.
Dr. Abdul Basit Turki al-Hadithi
It is obvious that the fateful decisions in the life of peoples and nations to be more daring and mature when they are taken in the light of the discussions calm and under normal conditions, especially if combined with the broad participation of the owners of jurisdiction and stakeholders in these decisions. It goes without saying also that the presence of crises and intensification reduces the opportunities for expansion in the involvement of the public drafting of decision-making and therefore highlights the efficiency of the decision-maker and his boldness, and when the absence of available alternatives, the decision maker searching for crucial treatments were not from data cope with the crisis, it is true that a high degree but the risk of a historical crossroads in the life of peoples and nations. Iraq used to handle its crises through financial abundance, whether or gifts and bribes for layers and slides under the primitive state in social institutions with marginal engine class dimension in which the mechanisms of the process. And continued financial abundance in identification in the absence of regulation of the middle class and the dispersion in Iraq between the beneficiaries in the project other than the project and those who live on the crumbs hoping to allow better his opportunities, and continued in power since equally profit in 1952 between the ebb and flow in the ability to play this role and was its ability to limit the two factors that the financial abundance (oil) and their ability repressive ruling authority. After 2003 and witnessed the social fabric in Iraq from tearing and witnessed by the State Administration of re-focused on the new names (quotas, sectarianism, partisanship …. etc), were all co-exist under the financial abundance with the Authority, it doubled the size of the general budget within ten years to more than five times and became the number-makers economic decisions, not only in government but in every society some tremendous and mixed capital Political already (Civil him and armed) is disgusting, it was all real crises were enough in any of the communities to create tens of uprisings or revolutions, but the continuing horror of repression not even in the consciousness of citizens, with the financial maneuverability, and the presence of external factor (occupation, penetration, presence of intelligence) all that malfunction subjective factors to change. No longer for Iraq to rebuild their society first, and their own second, but the other and accept the language of dialogue no matter what we disagree with him, actually imposes that it is not advice utopian, the crisis revealed weaknesses killer in the country and so we hope to contribute to what we believe it signals may be that the maker finds bold decision opportunity to save what can be saved and perhaps for rebuilding a more efficient and proudest. Most of those interested agree the Iraqi economy on the Iraqi economy complain of structural imbalances not Adelha of unilateral economic resource and waste of economic resources and lack of resolve to choose economic way in the building (everyone calls for a market economy and all departments speak for opportunities to build public) sector, where unemployment is clear not only in resources but only in the advanced professional levels as well, sounding the alarm poverty line, sectoral crises (infrastructure, housing, standard of health, illiteracy rate, children out of school, the quality of the activities … etc). The recent financial crisis, a decline in oil prices (and we promise this article the price per barrel fell in less than 24 hours more than five dollars), where he was selling a barrel of Iraqi oil for the months February, March, April 2015 is (almost 54.50, $ 55 from port North 45.48, to $ 51 from the southern port) cultivars, while the price of $ 57 per barrel adopted in Aaadadalmoisnh, so it’s mathematically expected to form the actual budget deficit of more than 20% of its size, and in the circular of the public treasury and borrowing from banks assets exhaustion and the contributions of the Central Bank, the second half of this year will see a real problematic in financing current expenditures only for the continuation of the work of the administration in Iraq. Arena has seen a lot of economic theory and newspapers were filled with articles of bona fide naive in addressing economic problems did not mind some of the effect he can be raised by a certain rumor or disturbance in the economy of statement is already troubled. We always say We continue to believe that the dilemma in Iraq’s economy is not in the theory and describe the problem, even with a sober of this theory, but the dilemma of the Iraqi economy is in the management of the economy and specifically in managing resources efficiently and preceded by a justice of the franchise to poor layers Her real interest in building safe and stable future for generations, in light of the crisis think wealthy beneficiaries and their feet while the poor pay the price for this crisis of blood and opportunities and the dignity of their children. We had we pointed out and we are in a position of responsibility that the exaggeration in the drafting of the general budget deficit of the scheme and is not justified is the error in the financial management leads inevitably to the crisis, even if it kept oil prices at previous levels (about $ 100 per barrel), and therefore there has been actual deficit in 2009 and replaced the suffocating now the crisis, Nasr we were in more of a treatise on this expansion in the budget estimates will lead to an actual deficit with accompanied always incompetence in spending, and therefore asks the audience, for example, why did not solve the problem of electricity despite the billions spent by since 2003 until now? Why deteriorating health services? Why do not we have an army still potent and professionally and armed with weapons fit in with the size of what it was spent? Everyone can submit examples here or there on the existence of corruption but everyone did not pay attention to the origin of this problem which is the continuation of the keenness of successive governments more than the size of spending without trace to its revenues, accompanied by acts of terrorism and violence in Iraq in the absence of a general budget of the state in 2014 to continue the government spending without even the presence of these boundaries that we criticize and believe Bmatha, continued spending and continued resistance to the issuance of the budget, and issued the budget in 2015 has not issued so far in 2014 budget, and was the lowest of the sense of responsibility of the various authorities requires a law to balance the 2014 to frame the actual spending only and are studied and discussed type and trends of this spending, which led to the crisis (disaster current), however, the external indebtedness of opportunities for Iraq to cover spending requirements which became tight now and return for a loan of $ 800 million or a billion dollars from international organizations will be imposed on Iraq conditions to say the least it’s exciting social disorder more under this circumstance than is actually the disorder, once again safe and as a solution (with our knowledge of the imbalance in the structural Iraqi economy, not only financially)
“…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…”
and 2.4 pounds, and became in 1979 KD and AED, and I know very well that the initial reading of what would respond later Ststvz citizen who claim that I defend him Ohz provocation is justified, where no longer has the ability to withstand the face of these circumstances burdens extra, but I did not find, but a choice between going into the unknown this citizen and between finding inexpensive solution to him in the short term, both in job creation or the revitalization of the economy as a whole. Although I think ease the burden immediate depends on the government’s ability to deliver services to its stakeholders (Rashadh spending), with the exchange mentioned price (Dream) fit state continued exporting oil to importing goods, which led down to the erosion of the real in which economic sectors for the benefit of service activities or marginal associated abroad often, but
“…the choice is now between the high exchange rate of the Iraqi dinar, or building a strong economy are working with and the market economy efficient mechanisms and address the important part of the budget deficit, is no longer the exchange rate 1500 dinars to the dollar now enough, the economic impact the negative social to change the exchange rate significantly will be touch through high inflation in Iraq…”
and the implications of this increase in pressure on the owners with limited income and low-lying in the community, and to address it must at the same time seriously considered to provide a ration card incompetent reservation a minimum of standard of living of the citizen without pressure on the low food level originally and policy to rationalize the government imports directly through the use of
“…the Ministry of Finance for its own account dollar with the outside world believe that it can now in the short-term stand him seriously Inevitably, the face of the crisis, the central bank can use its reserve of foreign (currency which should be the last line of defense is to resort to him) to defend any exchange rate he wants, but to what extent and at what cost? This is important. We hope that the crisis is an opportunity to build deterioration factor may be the impetus to take courageous decisions.”
BAGHDAD / … met with Vice President Iyad Allawi, a number of directors and head of the Middle East in the Price Waterhouse Coopers PWC Foundation one of the largest consulting firms interested in pursuing money and consulting job in the world.
A statement by his office received “eye Iraq News” that this meeting comes within the framework of the keenness of the vice president to handle and benefit from the expertise and potential specialized in the fight against corruption, international companies and build a modern civil state landmarks. “
The statement added: “Allawi has called in Aktrmen appropriate since the formation of the current government, to take credible international institutions audit the accounts and statements for the Iraqi governments starting from his government in 2003, and even today, and how Iraqi money exchange within the huge budgets allocated to the successive governments, and stand on the reasons for not get mentioned in the infrastructure and reconstruction projects and “.anthy 1 offers
To Put Mosul on the Global Map
"We're all just walking each other home" ~ Ram Dass
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