Bloomberg
February 11, 2012
European Union and International Monetary Fund officials proposed an extra 15 billion euros ($19.8 billion) in funds for the second Greek aid program at the Feb. 9 meeting of euro-area finance ministers, Greek Finance Minister Evangelos Venizelos said.
Officials from the so-called troika of the European Commission, IMF and European Central Bank proposed to increase funds to cover additional needs of Greek banks and provide the country with the means in 2015 for a deeper structural adjustment, Venizelos said today to lawmakers from his Pasok party in parliament in Athens.
“We discussed everything at the Eurogroup the day before yesterday,” he said. “The state of the economy, how much money will be needed, because there is always the fear that they have to go back to their parliaments and ask approval for an increase in the 130 billion euros.”
Venizelos said “the troika proposed an increase of at least 15 billion euros because the banks need more money, and their idea is for financing in 2015 too.”
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