Page 9 - ARUBA TODAY AUG 12
P. 9
WORLD NEWS 9
Wednesday 12 August 2015
Greece accepts harsh new bailout terms, vows swift vote
ELENA BECATOROS Germany, the largest sin-
DEREK GATOPOULOS gle contributor to Greece’s
Associated Press two previous bailouts and
ATHENS, Greece (AP) — among the toughest ne-
Greece agreed to harsh gotiators so far, remained
terms for a new three- cautious on the timing for
year bailout Tuesday and a final deal. “We will have
vowed to push it through to examine the results that
parliament this week, de- come in the course of to-
spite mounting dissent in day,” deputy finance min-
the ruling left-wing party. ister Jens Spahn told n-tv
With the country facing television.
the risk of a debt default Investors cheered the news
next week, Prime Minister of progress.
Alexis Tsipras had sought Greece’s government
to speed up the talks and borrowing rates fell, a sign
get approval of a deal this investors are less worried
week. about a default. The 2-year
After Greece and its credi- bond yield dropped by
tors reached an accord 4.2 percentage points to
on the main points on 14.73 percent. The Athens
Tuesday, Tsipras called for Stock Exchange, which re-
an emergency session of opened recently after be-
parliament for a vote late Greek Finance Minister Euclid Tsakalotos arrives for a meeting with senior negotiators at a hotel ing shut for five weeks dur-
in Athens. Greece agreed to harsh terms for a new three-year bailout Tuesday and vowed to
Thursday. push it through parliament this week, despite mounting dissent in the ruling left-wing party. ing the most severe part
Greece needs to start tap- (Giannis Kotsiaris/AP) of Greece’s financial crisis
ping the new bailout — closed up 2.1 percent.
worth 85 billion euros ($93 Dissenters in Tsipras’ left- the Greek people.” ministers on Friday. Cash-strapped Greece
wing Syriza party, who Tsipras requested an end The agreement still requires
billion) — so that it can want to end bailout talks to the summer recess to approval from higher-level needs more money by
and return to a national allow for the two-day ap- representatives, and senior
make a key debt repay- currency, promised to fight proval procedure and to finance officials from the Aug. 20 at the latest, when
the deal, describing it as a get a vote before a meet- 28 EU nations were holding
ment next week and se- “noose around the neck of ing of eurozone finance a conference call Tuesday. it has a debt repayment
cure its future in the euro. of just over 3 billion euros
The draft agreement forc- to make to the European
es Tsipras to accept what Central Bank.q
he had vowed to resist
only months ago: the sale Prosecutors:
of some state property and Possible Buk missile parts found at MH17 site
deep cuts to pensions, mili-
tary spending and ending
tax credits to people con-
sidered vulnerable. MIKE CORDER sociated Press that inves- pieces of a surface-to- mains, victims’ belongings
Associated Press tigations have established air missile system. Though and parts of the downed
Officials in Athens and the THE HAGUE, Netherlands that the parts “probably prosecutors have previous- Boeing 777. Malaysia Air-
(AP) — Dutch prosecutors are parts of a missile system ly said a missile strike is the lines Flight 17 was head-
European Union said a few said Tuesday they have and probably a Buk mis- most likely explanation for ing from Amsterdam to
found what they believe sile system.” Westerbeke’s the crash, they have never Kuala Lumpur when it was
issues were left to be ironed could be parts of a Buk team, which is conduct- revealed that they are in brought down over con-
missile system at the site in ing an international crimi- possession of possible mis- flict-torn eastern Ukraine.
out Tuesday. eastern Ukraine where Ma- nal probe into the deadly sile parts. Russian-backed rebels
laysia Airlines Flight 17 was crash on July 17, 2014, said However, they cautioned and Ukrainian forces have
“We are very close. Two brought down last year. in a written statement that that the conclusion cannot accused one another of
The announcement rep- the parts “are of particu- yet be drawn “that there shooting down the plane.
or three very small details resents the first time pros- lar interest to the criminal is a causal connection Both sides deny responsibil-
ecutors have confirmed investigation as they can between the discovered ity. A report by the Dutch
remain,” Finance Minister possible physical evidence possibly provide more in- parts and the crash of flight Safety Board into the cause
of a missile bringing down formation about who was MH17.” The parts were of the crash is expected by
Euclid Tsakalotos said as he the plane and killing all involved in the crash of found during Dutch recov- the end of October, while
298 people on board. Fred MH17.” Westerbeke said ery missions to the crash the separate international
emerged Tuesday morning Westerbeke, the Dutch he would ask Russia and site. Dutch authorities have criminal investigation is
prosecutor leading the other countries for help conducted several mis- likely to take months more
from all-night discussions investigation, told The As- identifying the suspected sions to recover human re- to complete.q
with creditors.
The European Commission,
a key negotiator in the
talks, confirmed the prog-
ress. Annika Breidthardt,
the Commission’s spokes-
woman for economic af-
fairs, said the details were
expected to be cleared
up later in the day.
