Schäuble is preparing a new aid package for Greece
02.02.2014
18:03
German document discloses loan of 10 - 20 billion euros from ESM
A document of the German Finance Ministry speaks of a new aid package in the form of a 10 - 20 billion-euro loan financed by the ESM for Greece to meet its borrowing needs for the next 2 years. It will not be called a third memorandum to avoid political reactions, as the SKAI correspondent reported from Germany.
According to Spiegel, it will probability be published before the European elections which is the expected date for the repayment extension of the current debt at lower interest rates.
According to the official German positions a new debt haircut is out of the discussion.
According to Spiegel, it will probability be published before the European elections which is the expected date for the repayment extension of the current debt at lower interest rates.
According to the official German positions a new debt haircut is out of the discussion.
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