BRUSSELS (MNI) – German Finance Minister Wolfgang Schaeuble said
Tuesday that the IMF has offered to contribute E23 billion to the second
Greek rescue package.
“It has proposed a sum of E13 billion plus the E10 billion that
were not used in the first program,” Schaeuble said at a press
conference after a meeting of EU finance ministers here.
“But the final decision will be made by the IMF board at its next
meeting,” the minister added.
Eurozone finance ministers moved to prevent an impending Greek
default early Tuesday by agreeing to an E130 billion bailout package for
Athens that included a larger contribution by private sector creditors.
The deal, reached after 13 hours of talks, also included greater
contributions by the public sector in the form of lower interest rates
on loans to Greece and an agreement by the European Central Bank to use
its profits on Greek government bonds to ease Greece’s debt burden.
–Berlin bureau: +49-30-2 62 05 80; email: twidder@marketnews.com
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