Tuesday Jul 29, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Germany preparing new Greek aid package - Spiegel

Germany's finance ministry is preparing the ground for a third aid package for Greece before European elections in May, Der Spiegel weekly and its website reported on Saturday, citing a five-page ministry 'position paper'.

The possibilities outlined include a further debt haircut that would mainly hit public creditors or a «limited additional program» in which Greece could receive fresh money from the European rescue fund, the report said.

The package could amount to 10 billion to 20 billion euros, said Der Spiegel, and would be tied to commitments from Athens to undertake reforms with more vigour.

A spokesman for the finance ministry denied that a new debt writedown was planned for Greece.

"There is no new situation,» said the spokesman and referred to previous statements made by German Finance Minister Wolfgang Schaeuble.

The minister has in the past said there could be a remaining need for some refinancing but any further package would be far smaller than the aid granted so far.

Greece has received 240 billion euros of support in two aid packages from the International Monetary Fund (IMF) and the euro zone since 2010 in return for spending cuts and reforms.

A senior EU official said last month that Greece was not in urgent need of funds now and extra money would only be needed when Greece must pay back debt. Its next big redemption date is in mid-May.

[Reuters]

ekathimerini.com , Sunday February 2, 2014 (10:59)  
Greece names fifth privatization agency chief in four years
Great margin for growth in exports
Parliament’s Budget Office says third bailout may be needed
Ryanair ‘not particularly interested’ in Cyprus Air
Tsipras discusses Cyprus with Anastasiades in Athens
The role of Greece and Cyprus as “pillars of stability and security in the region” was highlighted by SYRIZA chief Alexis Tsipras in comments made following a meeting with Cypriot President ...
Venizelos to meet Nimetz in Athens
Deputy Prime Minister and Foreign Minister Evangelos Venizelos is expected to meet with Matthew Nimetz, the United Nations mediator in a dispute between Greece and the Former Yugoslav Republ...
Inside News
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Through insecurity comes optimism
Prime Minister Antonis Samaras recently expressed his optimism regarding the quota of 180 Parliamentary deputies required for the election of Greece’s next president, in order for the countr...
EDITORIAL
Futile policy
The policy that Israel has been pursuing vis-a-vis the Palestinians is wrong and futile. Current tactics have failed to resolve the security issue and, at the same time, they are rapidly dra...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras discusses Cyprus with Anastasiades in Athens
2. Venizelos to meet Nimetz in Athens
3. Archaeological council bans international climbers´ gathering at Meteora
4. Greece names fifth privatization agency chief in four years
5. Ministry appeals to keep limit on prescriptions
6. Great margin for growth in exports
more news
Today
This Week
1. Greece names fifth privatization agency chief in four years
2. Archaeological council bans international climbers' gathering at Meteora
3. Venizelos to meet Nimetz in Athens
4. Tsipras discusses Cyprus with Anastasiades in Athens
5. Defense Minister Avramopoulos to represent Greece at European Commission
6. Tree collapses in village square, killing nine-year-old boy
Today
This Week
1. Climber dies in Mount Olympus fall
2. Unequal after death
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Front-line threats
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.