Greece seeks new tranche from 110 billion euros loan

366 views
1 min read

Greek Prime Minister George Papandreou sought but failed to get consensus from opposition leaders on Tuesday on a new set of austerity measures aimed at averting default.

On Monday, Greece unveiled a series of privatisations, part of a goal to raise 50 billion euros by 2015 to pay down its debt mountain as Greece tries to secure the next tranche of a 110 billion euros EU/IMF bailout.

Here is a short timeline of events to come in Greek efforts to secure the loan:

* MONDAY MAY 23:

— Greece announces a timetable of planned asset sales on Monday, as part of a drive to raise 50 billion euros ($70 billion) by 2015. * TUESDAY, MAY 24:

— Papandreou holds separate meetings with Greek political leaders, at Maximos Mansion.

— Greece's industrialists union SEV holds its annual meeting, at the Athens Megaron Concert Hall. Papandreou will address the meeting. Finance Minister George Papaconstantinou and SEV chairman Dimitris Daskalopoulos to deliver keynote speeches.

* WEDNESDAY, MAY 25:

— President Karolos Papoulias meets Papandreou at the Presidential Hall.

* FRIDAY, May 27:

— April producer price inflation.

* FRIDAY JUNE 3:

— Debt agency sets amount of 6-month t-bills to be auctioned June 7.

* SATURDAY, JUNE 4:

— Public sector union ADEDY holds a rally to protest the new austerity measures announced by the government, at Klathmonos square.

— ADEDY also says it will stage a 24-hour strike later in June to protest against the government's new package of austerity measures and planned privatisations.

* MONDAY, JUNE 20:

— Eurogroup meeting of euro zone finance ministers and Ecofin meeting of EU finance ministers in Luxembourg

* THURSDAY, June 24:

— Summit of EU heads of state and government in Brussels.

* NO SPECIFIC DATES:

— EU/ECB/IMF inspectors in Athens, on ongoing visit, to assess whether Greece can get a fifth tranche in June from a 110 billion euro bailout.

— The government says it will submit the mid-term fiscal plan to parliament, in early June.