Tuesday April 21, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras: Athens has Plan B for banks

 Stournaras says Nicosia has ‘hours’ to find solution but Greece ‘fortified' anyway

Finance Minister Yannis Stournaras stressed on Wednesday that Greece was “fortified” against the repercussions of a possible failure by Cyprus to find the necessary funds to protect its banks, adding that Athens had an alternative plan for Cypriot banks based in Greece.

“There is a Plan B for Greece which I cannot reveal you to now,” Stournaras told Parliament’s European Affairs Committee. He said it was important that Cyprus find a solution “within the next few hours,” noting however that “Greece will do what it has to do” for Cypriot banks in Greece if it has to.

There was no official statement on the situation in Cyprus by conservative New Democracy, which leads the fragile coalition and has been cautious in its response to the burgeoning crisis in the neighboring country, expressing support for Nicosia but avoiding criticism of the contentious eurozone proposal for a tax on Cypriot bank deposits.

Evangelos Venizelos, who leads PASOK, the second party in the coalition, focused on the situation in Cyprus in a speech to the Socialists’ political council on Wednesday, referring to “political unity” in the Cypriot Parliament which, he said, was lacking in Greece. The PASOK chief also touched on Greece’s pledges to its foreign creditors, noting that any divergence would have to be “absorbed” by 2016. The government is bracing for the return of troika envoys early next month for talks that are expected to focus on a delayed overhaul of the civil service, one of several pledges made by Greece in a bid to clinch a 2.8-billion-euro tranche of rescue funding for March. The government has already sent troika officials a revised version of plans for streamlining the Greek civil service, Kathimerini understands.

ekathimerini.com , Wednesday March 20, 2013 (22:52)  
Juncker urges Greece to step up effort in debt talks
UN urges Europe to put asylum at center of Mediterranean debate
More than 120 migrants reach Greek shores, a day after fatal sinking
Greek municipalities outraged by state move to use funds
Dijssebloem expects deal with Greece in coming weeks
The head of the Eurogroup said on Tuesday that he expects Greece and its creditors to strike a new deal in the coming weeks and warned that its exit from the eurozone would lead to instabili...
Euro-area debt levels surge to record, led by Greece
Government debt in the euro area surged to the highest levels since the introduction of the single currency, underscoring the challenges still confronting the 19-nation bloc as it wrestles w...
Inside Business
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
Inside Sports
COMMENTARY
Tragedy in the Mediterranean
Every time we in the West see yet another video of an atrocity committed by Islamic State or Boko Haram and express our abhorrence, and every time we are shocked to read of a boatload of mig...
EDITORIAL
Silence is not an option
There is no shortage of politicians, lobbyists and unionists from the center right who have backed the government, whether tacitly or explicitly. Naturally, when it was first elected, the go...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Dijssebloem expects deal with Greece in coming weeks
2. Juncker urges Greece to step up effort in debt talks
3. UN urges Europe to put asylum at center of Mediterranean debate
4. More than 120 migrants reach Greek shores, a day after fatal sinking
5. Greek municipalities outraged by state move to use funds
6. EU proposes doubling rescue effort, schedules crisis meeting on Thursday
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
4. No ferries on Labor Day as seamen take industrial action
5. Silence is not an option
6. ECB studying curbs on Greek bank support
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. Putting off payments led to Q1 budget primary surplus
5. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.