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than what I think
Topic Started: May 31 2018, 06:35 AM (11 Views)
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ATHENS air max 90 italia , June 23 (Xinhua) -- With no breakthrough during Monday's Eurogroup summit in Brussels, talks on the long-awaited deal for the Greek debt resolution will be continued with a view to strike a compromise by the weekend, according to Greek government and its international lenders.


The updated proposal the Greek side submitted on Monday foresees fiscal adjustment measures and fiscal reforms of about 8 billion euros (9.1 billion U.S. dollars) in total for 2015 and 2016, in exchange for the disbursement of more aid to Athens to avert default and a possible exit from the single currency in coming weeks, Greek media reported.


In order to balance the tough measures air max 90 outlet italia , the Greek side focuses on European financing of growth boosting measures and the request for a debt relief to ensure the sustainability of the Greek debt load, Greek government sources said on Monday night as the meeting of the leaders was wrapping up.


"The proposal of the Greek government is the result of tough negotiations to achieve a deal that will give a viable solution for the Greek economy," a Greek official said to the press anonymously.


The official said that Athens pledges measures of 1.5 percent of GDP for 2015 and 2.5 percent of GDP for next year in order to reach the fiscal targets requested by lenders.


The revised proposal is likely to include indirect salary and pension cuts, increase on taxes, defense spending cuts and the abolition of early retirements as of 2016 air max 90 donna saldi , according to local media.


The proposal came after five months of negotiations between Athens and lenders, and it's a long way from the ruling party's pre-election pledges.


Analysts noted in reaction to the leaked information that Greek Prime Minister Alexis Tsipras will have to try hard to sell it to parliament members of his party and voters.


In statements after the summit, his interlocutors talked about a "positive step" made by Greece on Monday, but stressed that much work remains to be done until the next emergency meeting of Eurogroup on Wednesday to pave the ground for the EU summit on Thursday.


European Commission President Jean-Claude Juncker, German Chancellor Angela Merkel and French President Francois Hollande said that no new extension to the current bailout air max 90 uomo saldi , a third program or debt relief was discussed on Monday.


Such topics will be decided at a second stage, they said, dampening Athens' hopes for an immediate clear commitment on debt relief by the other side.


On his part, Tsipras repeated that Greece wants a comprehensive and viable solution, noting that now "the ball was back to the European leadership's court."


On June 30 air max 90 woven scontate , when the current bailout expires, Athens needs to repay 1.5 billion euros (1.7 billion dollars) in loan installments to the International Monetary Fund. It will be very difficult for Greece to make it without any agreement with its lenders.


Despite the heavy price of the draft agreement as outlined, the Athens stock market general price index closed a few hours earlier on Monday with an impressive 9 percent increase, reflecting even a hard deal was better than a rift with lenders with chaotic repercussions and prolonged uncertainty.


Amidst scenarios of impending capital controls in case Greece would not have a deal by June 30, more than 7 billion euros (8 billion dollars) were withdrawn from Greek banks in the past week air max 90 vt uomo , according to unofficial estimates by bankers.


On Monday morning, as markets and citizens were expecting a deal within hours, the pressure on the banking system eased, with only about 500 million euros (568.7 million dollars) withdrawn, according to early estimates.


Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials air max 90 flyknit scontate , at a time when it is facing some setbacks in its most important overseas market, Ruuters reported quoting source familiar with the matter.


Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period.

  Apple CEO Tim Cook speaks during an event at Apple headquarters in Cupertino, California March 21, 2016. REUTERS

From weakening smartphone sales to the loss of an iPhone trademark dispute and the suspension of some of its online entertainment services air max 90 fiori , the U.S. technology giant has been facing a flurry of problems in recent weeks in its second-largest market after the United States.


That has raised concerns over Apple's growth momentum, as the company reported last week its first quarterly revenue drop in 13 years.


Last week, billionaire activist investor Carl Icahn said in an interview with cable television network CNBC that he had sold his entire stake in Apple, citing China's economic slowdown.


During his China visit, Cook plans to meet senior government and Communist Party leaders.


Apple did not respond to Reuters' requests for comments.


Despite growing concerns over its China business - Apple reported its revenue from Greater China air max 90 pelle uomo , which includes Hong Kong and Taiwan, dropped 26 percent last quarter - Cook has been optimistic.


"I see China as may not have the wind at our backs that we once did but it's a lot more stable than what I think is the common view of it," he said during the company's earnings call last week. "We remain really optimistic on China."


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