–Adds Comments By FinMin Source On Agreement With France On IMF Aid
BERLIN (MNI) – EU heads of states and government won’t make any
decisions on aid for Greece at their upcoming summit meeting later this
week, a high-ranking German government source told Market News
International on Tuesday.
“The EU Council won’t decide on aid for Greece,” and any such aid
would come only as a last resort, he said.
A precondition for aid is that Greece would have exhausted its
capacity to raise money on the international capital markets, the
official stressed.
Moreover, the German government wants a “substantial contribution”
to such a financial aid package to come from the International Monetary
Fund, the official said.
A high ranking official from the German Finance Ministry said
separately that Germany and France have agreed on participation of the
IMF in an eventual aid package for Greece. “We’re pulling together,” he
said.
There must also be lessons drawn from the Greek problems, such as
more effective prevention measures and sanctions, the first source said.
This would require a revision of the EU Treaties, he explained.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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