BERLIN (MNI) – Germany’s CDU/CSU-FDP government coalition is
willing to grant Greece another E14 billion until 2014 on top of the
existing rescue package, the German daily Bild reported Tuesday, citing
coalition members.
A Greek debt default has to be avoided by all means, the paper
cited the coalition sources as saying. Lowering interest rates on the
rescue loans to Greece is also being discussed, Bild said.
European Central Bank Executive Board member Joerg Asmussen said
Sunday that Greece is likely to need a third bailout program, since
expectations that the country can regain access to capital markets by
2015/2016 appear unrealistic.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@mni-news.com
[TOPICS: M$X$$$,MGX$$$,M$G$$$,M$$CR$,M$Y$$$,MT$$$$]
