May 10, 2011
Greece expects a new package of nearly €60 billion ($86.11 billion) in financial aid to cover its financial needs stretching into 2013 as early as next month, a senior Greek government official said Tuesday.
The official, with knowledge of the talks between Greece and the European Union and International Monetary Fund, said the issue of extending current packages, or arranging new loans, will be discussed at a regularly-scheduled meeting of EU finance ministers next Monday and Tuesday.
The new package would be designed to cover Greece's projected need for around €27 billion in new assistance next year and another €32 billion in 2013.
The Greek finance ministry said when contacted for comment that efforts are underway to find a realistic solution.
"The debate that is taking place is about finding a solution that is credible, and in such a way that there is no gap in covering Greek financing needs in 2012," said a Greek finance ministry spokesperson. "But there are no specifics yet regarding the size or details of a package."
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