Edward Scicluna

Foreign Media

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Greece given 72 hours to win trust by passing bailout laws

Greece is asking for 22 billion euros by the end of August to cover its immediate needs and as much as 86 billion in total, Maltese Finance Minister Edward Scicluna said in an interview.
The country owes the ECB about 3.5 billion euros on July 20 and missed a payment of about $1.7 billion to the International Monetary Fund June 30.​

 

thestraitstimes

 

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Greece Blinks

​Greece needs 22 billion euros to pay its bills just through the end of August, according to Maltese Finance Minister Edward Scicluna.
That includes the 3.5 billion euros Greece is scheduled to repay the European Central Bank on July 20 and 10 billion euros for its banks.
“The Greeks have finally understood that unless they get an injection of cash they are faced with a doomsday scenario,” Scicluna said at the weekend prior to the deal being reached.​
bloombergview

 

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Euro summit updates hint prolonged Greek debt saga, EUR eyes gains

On the back of this news, we perceive this as a booster for euro’s strength but skeptism also lingers as Greece in need of an infusion of 22 billion euro to repay its bills through the end of August,
Maltese Finance Minister Edward Scicluna said. We think the underlying fact is crystal clear and it can’t override on irrespective of aids proposed by ECB or euro group.​
econotimes
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Creditors give Greek leader an ultimatum

​Greece has requested $91 billion to $96 billion in new aid, as its financing estimates have ballooned to show debt reaching 200 percent of gross domestic product,
Maltese Finance Minister Edward Scicluna said.

Arkansas

 

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Greece needs $25bn to get through August

(MENAFN – Gulf Times) Greece needs an infusion of ‚22bn (25bn) to pay its bills through the end of August, Maltese Finance Minister Edward Scicluna said.
This figure includes ‚7bn by July 20, when Greece owes about ‚3.5bn to the European Central Bank, Scicluna said in an interview.
It includes ‚10bn for banks and ‚5bn for other needs. He spoke on the sidelines of yesterday’s euro-area summit after finance chiefs concluded their session.
“The Greeks have finally understood that unless they get an injection of cash they are faced with a doomsday scenario,” Scicluna said.​

menafn

Tuesday 14th July 2015

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