New 11 billion euros loan brought by Wieser with new harsh considerations

The real purpose of the visit of the Euro Working Group President, Thomas Wieser in Athens was reportedly to haggle the size of the new aid package that will cover the fiscal needs of Greece until 2016.

According to information, the meetings of the EU official with Greek PM Antonis Samaras and Greek finmin Yiannis Stournaras laid the foundations for the new loan that is being planned to be given to Greece, which, although will not exceed 11 billion euros, will be accompanied by strict conditions and considerations.

In the first phase, however, Wieser seems to be accepting that Greece will find a way to cover at least the 4-4.5 billion euros of its funding gap for 2014, either by transferring the repayment of bonds maturing next May, or otherwise, or by measures to alleviate the Greek debt that will be offered by the country’s lenders. But he is pushing for measures that need to be clarified until December in order to cover the possible budgetary gap in the present program with privatizations, layoffs and cuts in pensions and salaries.