Sunday, June 5, 2011

New Greek Aid Package May Top 100 Billion Euros, Spiegel Reports

Bloomberg
June 5, 2011

Greece’s new aid package may amount to more than 100 billion euros ($146 billion) if the country also needs support in 2013 and 2014, Spiegel reported.

The sum will be needed for the follow-up financing of sovereign bonds maturing in 2014, the magazine said, citing officials at Germany’s Finance Ministry, the European Central Bank and the International Monetary Fund. German Deputy Finance Minister Joerg Asmussen said on June 1 that he opposed new aid for Greece if private creditors aren’t involved, Spiegel said.

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Read the Spiegel article (in German)

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