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Germany: Bailout cash decision for Greece to take at least 10 days
Saudi Press Agency Published in Saudi Press Agency on 24 - 04 - 2010


A decision over when and how much financial aid
will be given to deficit-stricken Greece will come after ten days at
the earliest, dpa qouted German Economy Minister Rainer Bruederle as saying on
Saturday.
Greek Prime Minister George Papandreou on Friday formally
requested the activation of a 45-billion-euro (60-billion-dollar) aid
package from the members of the eurozone and the International
Monetary Fund (IMF).
Greece must repay some 8.5 billion euros in loans by May 19, and
is currently negotiating a new budget cuts plan with the IMF. Without
the aid, Greece will not be able to make the loan repayments.
Chancellor Angela Merkel said Friday that no aid package could be
agreed before the cuts were approved by the IMF, the European Central
Bank, and the European Commission.
-- SPA

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