Article Image
News Link • Economy - International

Germany preparing third financial rescue for Greece

• theguardian.com
Germany has signalled it is preparing a third rescue package for Greece – provided the debt-stricken country implements "rigorous"austerity measures blamed for record levels of unemployment and a dramatic drop in GDP.
The new loan, outlined in a five-page position paper by Berlin's finance ministry, would be worth between €10bn to €20bn (£8bn-16bn), according to the German weekly Der Spiegel, which was leaked the document.
Such an amount would chime with comments made by the German finance minister, Wolfgang Schäuble, who, in a separate interview due to be published on Monday insisted that any additional aid required by Athens would be "far smaller" than the €240bn it had received so far.
 

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


http://freedomsphoenix.thinkpenguin.com/