Greece Will Be Granted EU15 Bln Buffer After Program Ends: Bild
(Bloomberg) —
Euro-finance ministers will next week decide to grant Greece debt relief and a financial buffer after 3rd Greek aid program ends, Bild reports, without saying where it got the information.
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IMF won’t participate in program financially
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Loan repayment will be extended for minimum of 3 years for 2nd EFSF aid program; interest rates will be reduced
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Greece to get EU5b from ECB profit on Greek loans
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Greece will continue under surveillance after the program ends to ensure reforms aren’t rolled back
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Future surveillance foresees no sanction mechanism
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