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Eurozone and IMF agree on Greek debt buy-back, says German FM
21-11-2012 16:01
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German Finance Minister Wolfgang Schauble said on Wednesday that Eurozone governments and the International Monetary Fund (IMF) have agreed on a Greek debt buy-back programme in order to fill a financing gap, Reuters reports.
"Additional measures are needed (for Greece) and we have spoken about this intensively with the IMF. We agree essentially that the [financing] gap can and will be filled, that a buy-back programme of Greek debt on the market will be carried out," he said.
Schauble has been offering details about talks concerning a Greek deal. The following are some recent remarks made by Schauble, according to Reuters:
- Greece's problems can surely be solved by working intensively with the International Monetary Fund (IMF).
- European members agree with the IMF that there should be a Greek debt repurchase programme.
- The German government favours an increase to the EFSF fund for Greece.
- We believe that the Bundestag may reach a decision on the matter by the end of next week.
- Other Eurozone members favour interest rate cuts for the first bailout programme.
- The German 2013 budget will not be affected by any of the measures for Greece.
- It would be very good to have a decision on Greece on Monday.
The last remark coincides with a comment by German Chancellor Angela Merkel who said she is confident the issue will be closed at Monday's Eurogroup meeting.
SB
"Additional measures are needed (for Greece) and we have spoken about this intensively with the IMF. We agree essentially that the [financing] gap can and will be filled, that a buy-back programme of Greek debt on the market will be carried out," he said.
Schauble has been offering details about talks concerning a Greek deal. The following are some recent remarks made by Schauble, according to Reuters:
- Greece's problems can surely be solved by working intensively with the International Monetary Fund (IMF).
- European members agree with the IMF that there should be a Greek debt repurchase programme.
- The German government favours an increase to the EFSF fund for Greece.
- We believe that the Bundestag may reach a decision on the matter by the end of next week.
- Other Eurozone members favour interest rate cuts for the first bailout programme.
- The German 2013 budget will not be affected by any of the measures for Greece.
- It would be very good to have a decision on Greece on Monday.
The last remark coincides with a comment by German Chancellor Angela Merkel who said she is confident the issue will be closed at Monday's Eurogroup meeting.
SB
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