"European diplomats and government aides that the meeting of finance ministers and treasury officials of the countries of the Union comes in the framework of regular meetings for the preparation of the financial talks at the ministerial level"May 31, 2011
European Central Bank studies next Greek rescue plan
Greece could get another 20 billion ($26.76 billion) in aid from its fellow euro countries and raise three times that through new austerity measures such as selling government property, a top European Central Bank official says.
Lorenzo Bini Smaghi, a member of the ECB's executive board, is quoted by the Financial Times as saying Greece needs between €60 billion and €70 billion through next year.
That gap could be filled in several ways, Bini Smaghi said, giving a rough sketch of a plan for additional assistance that was split between government and private-sector contributions.
The private sector money would come partly from selling government property as well as rolled-over investments from Greek banks and issuance of short-term government debt.
The Government half would be split, two-thirds from the euro area countries, or about €20 billion, and the rest from the International Monetary Fund.
Read full article http://www.news.com.au/business/breaking-news/european-central-bank-studies-next-greek-rescue-plan/story-e6frfkur-1226066136879#ixzz1NyWUxktr
Greece could get another 20 billion ($26.76 billion) in aid from its fellow euro countries and raise three times that through new austerity measures such as selling government property, a top European Central Bank official says.
Lorenzo Bini Smaghi, a member of the ECB's executive board, is quoted by the Financial Times as saying Greece needs between €60 billion and €70 billion through next year.
That gap could be filled in several ways, Bini Smaghi said, giving a rough sketch of a plan for additional assistance that was split between government and private-sector contributions.
The private sector money would come partly from selling government property as well as rolled-over investments from Greek banks and issuance of short-term government debt.
The Government half would be split, two-thirds from the euro area countries, or about €20 billion, and the rest from the International Monetary Fund.
Read full article http://www.news.com.au/business/breaking-news/european-central-bank-studies-next-greek-rescue-plan/story-e6frfkur-1226066136879#ixzz1NyWUxktr
Wednesday, June 1, 2011
Greece weighting additional assistance to rescue financially
Meet finance officials of the European Union in Vienna today to search for solutions for problems related to the debt crisis Greek, while likely to agree on a plan to rescue again in exchange for more austerity measures and sell more stocks.
While about the common task of the work crew from the European Union and the International Monetary Fund to an end, officials said European diplomats and government aides that the meeting of finance ministers and treasury officials of the countries of the Union comes in the framework of regular meetings for the preparation of the financial talks at the ministerial level.
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