BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble on Monday
said Greece does not necessarily need to fully use the E110 billion in
loans offered by the Eurozone and the IMF from 2010 thru 2012.
“I hope they won’t exploit it fully,” Schaeuble said at a press
conference here after the German government cabinet approved its part of
the aid measures today.
Germany’s share of the loans to Greece amount to overall E22.4
billion for three years, with a first tranche of E8.4 billion for this
year, the Minister explained.
Schaeuble reaffirmed that the loans will come from the state-owned
KfW bank and will be guaranteed by the government. The government aims
for a parliamentary approval of the bill by Friday, he said.
Private banks and businesses are also mulling to support Greece on
a voluntary basis, Schaeuble suggested. The more Greece can refinance
itself on markets, the less loans it will need from the Eurozone
countries and the IMF, he noted.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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