|
|
|
Athens News Agency: News in English, 10-12-09
CONTENTS
[01] Commission to recommend repayment extension
[01] Commission to recommend repayment extension
ANA-MPA/The European Commission will submit in early 2011 a
recommendation to the Council of Finance Ministers for extension of the
repayment period for Greece's 110 billion euro EU-IMF support loan, EU
Commissioner for economic and monetary affairs Olli Rehn said on
Thursday after a meeting with finance minister George Papaconstantinou
in Athens, stressing that Greece is on a good road and regaining its
credibility.ana-mpa
Rehn said that the Council of Finance Ministers is prepared to
positively examine an extension of the loan repayment. This, he added,
should eliminate doubts in the markets as to whether Greece is capable
of repaying its loans.
Asked on the prospect of a new loan being extended to Greece after the
completion of the three-year program being implemented by the Greek
government, Rehn expressed conviction that the three-year program will
lead to Greece's return to the international markets and that, given
the extension of the repayment period for the assistance given to the
country, a new loan will not be necessary.
More details on the subscriber's page of ANA-MPA | Subscription request
form
|
