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Timeline: Greece seeks new tranche of $155 billion loan
May 25, 2011 / 12:22 PM / 6 years ago

Timeline: Greece seeks new tranche of $155 billion loan

14:57 24May11 -TIMELINE-Greece seeks new tranche of 110 billion euros ($155 billion) loan

(Reuters) - Greek Prime Minister George Papandreou 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 privatizations, part of a goal to raise 50 billion euros by 2015 to pay down its debt mountain as it tries to secure the next tranche of a 110 billion euros EU/IMF bailout.

Here are events to come in Greek efforts to secure the loan:

* 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 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 rally to protest against 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 austerity measures and privatizations.

* 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.

* SATURDAY, AUGUST 20:

-- Greece to repay a 6.7 billion euro, 5-year bond which matures on this date.

* NO SPECIFIC DATES:

-- EU/ECB/IMF inspectors in Athens 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.

Writing by David Cutler, London Editorial Reference Unit and Renee Maltezou, Athens Bureau

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