BERLIN (MNI) – German banks and insurance companies said Friday in
a joint declaration that they aim to roll over some E8.1 billion of
loans to the Greek government or private banks.
In their statement, the financial corporations said they aim to
fully continue existing credit lines to the Greek government and banks
at least until May 6, 2013.
The E3.3 billion in credit lines which expire during that period
are to be replaced by new credit lines “or other forms of financing,”
the declaration states.
Moreover, the financial businesses plan to hold their current level
of Greek government bonds at least until May 6, 2013. The E4.8 billion
in bonds which expire by that date will be rolled over or replaced “by
other forms of financing,” they said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: MT$$$$,MGX$$$,M$X$$$,MGX$$$,M$G$$$,MFX$$$,M$$FX$]
