Griekenland om de schuld gesprekken met de schuldeisers Doorgaan

Dow Jones


ATHENE — Greece and its private-sector creditors agreed to meet again Friday
in a race to negotiate a EUR100 billion debt write-down for the country amid
concerns that Greece’s funding needs might be bigger than originally thought.

According to a statement issued by the creditors committee, “some progress was
realizedafter a first day of meetings in the Greek capital Thursday but no
deal had yet been clinched.

Discussions here in Athens today focused on legal and technical issues on the
voluntary [debt restructuring] and some progress was realized. Work will
continue tomorrow,” said the statement, issued by the Institute of International
Financiën.

A senior Greek finance ministry official also confirmed that the talks were
set to continue.

The IIF, a Washington-based lobby representing the world’s major banks, is
leading the negotiations on behalf of private creditors with the Greek
government on the debt restructuring.

In oktober, the IIF agreed to avoluntary” 50% write-down in the value of
Greek bonds that would be conducted through a distressed debt exchange swapping
old Greek government bonds with new ones.

The bond deal is part of a broader EUR130 billion bailout promised to Greece
by its European partners and the International Monetary Fund at a European
summit in October. Without private-sector agreement, the governments won’t
contribute their share to the package.

Echter, the talks have stumbled twice amid differences over the interest rate
the new bonds would pay. Germany and the IMF have been pushing the creditors to
accept an interest rate below 3.5%, while the creditors have indicated that 4%
was the minimum they could accept under a voluntary deal.

At issue is Greece’s deteriorating debt dynamics. The goal of the October
agreement was to cut the country’s debt ratio to no more than 120% of gross
domestic product by 2020, down from more than 160% momenteel.

But since then, a deeper-than-expected recession in the Greek economy and a
budget deficit that has widened to nearly 10% of GDP could put those projections
in geval van twijfel. A new debt-sustainability study, due for release by the European Union
and the IMF once talks with the private creditors are completed, might require a
rethink on the funding Greece will need to be able to service its debt for the
rest of the decade.

The IMF and the stronger euro-zone countries are reluctant to permit high
coupons, in part because they would have to lend Greece the money to pay them
and in part because high interest burdens make it less likely the country can
get its debt under control.

That leaves two options: pressure private-sector bondholders to accept more
losses, or accept that other euro-zone countries and the IMF will have to kick
in more support.

With private-sector talks already difficult, suggestions are growing that any
additional burden would have to be taken up by euro-zone governments.

IMF Managing Director Christine Lagarde said Wednesday that Greece’s public-
sector creditors may have to take a hit on their loans if private lenders can’t
agree on a restructuring plan that goes far enough to make the country’s debt
sustainable. The Fund said this didn’t assign a specific role to the ECB, die
has rigidly opposed accepting a write-down on its Greek bond holdings. Many ECB
officials would be likely to view losses on their Greek holdings as a violation
of the central bank’s statutes, which forbid it from financing governments.

Op donderdag, European Union Economics Commissioner Olli Rehn said public-
sector lenders may have to increase their contribution to Greece’s overall debt
handelen. He said he was hopeful agreements could be struck soon to increase euro-
zone bailout funds and IMF resources.

I don’t rule out a small adjustment of lending needs of the euro-area member
staten,” he said in an interview with The Wall Street Journal, referring to the
pending update in Greece’s debt-sustainability study.

Eurogroup President Jean-Claude Juncker acknowledged earlier this week that
the Greek debt-reduction programis off track.

Just how far off track won’t be known until the new debt assessment is
vrijgegeven. This won’t happen until after an EU summit Monday, say German
ambtenaren. People familiar with the talks estimate that Greece’s deteriorating
fiscal position could now require an additional EUR20 billion to put Greece on a
sustainable footing.

This gap, which is around 10% van het BBP, has to be covered for the second
bailout loan to be approved,” said one person familiar with the situation.

Ian Talley in Washington and Stephen Fidler in Davos, Switzerland contributed
to this article.

By Costas Paris, Nektaria Stamouli and Alkman Granitsas, Dow Jones Newswires;
+30 210 331 2881; alkman.granitsas @ dowjones.com

  (END) Dow Jones Newswires
  01-26-121115ET
  Copyright (c) 2012 Dow Jones Company, Inc.



Windstar Cruises biedt twee Griekse eilanden & Turkish Delights Routes

SEATTLE, Jan. 26, 2012 /PRNewswire / —
Windstar Cruises, which operates a fleet of three luxury sailing yachts that explore hidden harbors and secluded coves of the world’s most treasured destinations, offers two Greek Isles Turkish Delights itineraries between Athens, Griekenland en Istanbul, Turkey this spring, summer and fall on the 148-guest Wind Star and Wind Spirit.

Greek Isles Turkish Delights ISet sail from Athens on a journey through history, from Minoan ruins on Santorini to the Celsus Library at Ephesus. As you pull in to the harbor, the stunning white-washed buildings and blue domes of Santorini welcome you to this breathtaking region. Dine on fresh seafood at chic seaside cafes, or spend the afternoon browsing the local Mykonos boutiques. Sip on ink-black Turkish coffee in a Bodrum tavern. Take a journey back in time while admiring the glorious ancient ruins of the Library of Celsus and Temple of Artemis in Ephesus.

Seven-day sailings from Athens to Istanbul visit Mykonos, Griekenland; Santorini, Griekenland; Rhodes, Griekenland; Kelder, Turkije; and Kusadasi, Turkey depart May 5, 19, 26; Juni 2, 9, 16, 30; Juli 14, 28; Augustus 11, 18, 25; September 1, 8, 15, 22, 29; en oktober 6, 20, 2012. Two-for-one savings fares plus two free hotel nights available on select sailings, starting from $2,499 per persoon.

Greek Isles Turkish Delights IICapture the mystery of exotic Istanbul before sailing on to the chic islands of Santorini and Mykonos. Discover the vestiges of Ottoman glory at the famous Blue Mosque of Istanbul. Savor the sensuous aromas of exotic spices at Istanbul’s Grand Bazaar. Toast a glorious Aegean afternoon with a glass of ouzo in Santorini. View the majestic temple to Athenathe Parthenon on the Acropoliswith its dazzling presence towering over modern Athens.

Seven-day sailings from Istanbul to Athens visit Kusadasi, Turkije; Rhodes, Griekenland; Kelder, Turkije; Santorini, Griekenland; en Mykonos, Greece depart May 19, 26; Juni 2, 9, 16, 23; Juli 7, 21; Augustus 4, 18, 25; September 1, 8, 15, 22, 29; en oktober 6, 27, 2012. Two-for-one savings fares plus two free hotel nights available on select sailings, starting from, $2,499 per persoon. Guests sailing from Istanbul also receive an additional bonus of a complimentary arrival transfer in Istanbul which includes private transportation by a Mercedes vehicle from the Istanbul airport to any Istanbul hotel, welcome package, bottled water, and English-speaking escort.

All fares mentioned are per person, in US dollars, cruise only, based on double occupancy in category B and include non-discountable amounts. Government fees and taxes are additional ($35-$300 per persoon). Two-for-one cruise fares are based on 50 percent of published full cruise fares as shown on select sailings. Two-night complimentary hotel offer is available per booked cabin, is applicable on select sailings and includes one complimentary transfer to or from the yacht, all tips, gratuities, taxes and luggage-handling fees. Offer is valid on new bookings only for select departures and subject to availability. Offer may not be combinable with any other promotional offers or discount. Offers are capacity controlled and may be withdrawn or modified at Windstar’s discretion at any time. Cancellation penalties may apply, please see brochure details. Certain restrictions apply. Offer expires February 24, 2012.

About Windstar CruisesWindstar Cruises operates three sailing yachts known for their pampering without pretense and the ability to visit hidden harbors and secluded coves of the world’s most treasured destinations. Carrying just 148 naar 312 gasten, the luxurious yachts of Windstar cruise to nearly 50 volken, calling at 100 ports throughout Europe, the Caribbean and the Americas. For more information including rates and itineraries, contact a travel professional or call Windstar at 800-258-7245. Visit Windstar Cruises online at WindstarCruises.com. Windstar Cruises can also be followed on Windstar’s Facebook and Twitter fan pages.

SOURCE Windstar Cruises

Auteursrecht (C) 2012 PR Newswire. Alle rechten voorbehouden

Comtex


Goedkopere vluchten het antwoord op toegenomen populariteit in Familie Vakanties, Zeggen DialAFlight

LONDEN, VERENIGD KONINKRIJK–(Marketwire -01/26/12)- The average family is travelling abroad more frequently, according to recently conducted research. The study shows that trends and attitudes towards gezinsvakantie have changed dramatically since the 70s and 80s. 30 jaar geleden, 65% of children had not experienced a holiday abroad at all by the age of ten, and in general would not until the age of about 13. Nu, parents think nothing of taking young children op flights to Australia, Spain or America for their family holidays.

Nu, the average 10 year old has been abroad at least 4 tijden, with the most popular family holiday destinations being Greece, Frankrijk en Spanje; in contrast to the family holidays of old at popular UK locations such as Devon or Cornwall. Echter, the majority of adults have said that they look back on these family holidays with fond memories.

The increased popularity of foreign holidays may be attributed to the holiday boom in the 90s, which saw the further promotion of holidays abroad and large discounts on pakketreizen. The increase of quality, choice, destinations and packages have made foreign family holidays more and more affordable, to the point that it is now the norm for the majority of British households.

Parents with children have recognised the value and security that package holidays offer, and the choice of package holidays has increased greatly; foreign holidays are now far more easily accessible than they were 30 jaar geleden. Bij voorbeeld, cheap flights to New York, Madrid and Dubai are all very easy to obtain from a wide range of travel operators such as DialAFlight.

Spokesperson for DialAFlight commented: “It has become the norm for families, even with very young children, to take holidays abroad. Parents who may necessarily not have been able to afford holidays a decade or more ago are finding that they can with value package holidays, combining cheap flights with low hotel costs. Modern day parents may feel that there is an expectation to take their children abroad; some may just want their children to look back on their family holidays with fond memories.

About DialAFlight

Each year hundreds of thousands of people come to us for cheap flights, hotels, autoverhuur, weekend breaks and business flights. DialAFlight offer more than six million cheap flights to a wide range of destinations around the world including flights to Bangkok and flights to Dubai.