Greece Will Be Granted EU15 Bln Buffer After Program Ends: Bild

14
Jun

Greece Will Be Granted EU15 Bln Buffer After Program Ends: Bild

Greece Will Be Granted EU15 Bln Buffer After Program Ends: Bild

By Birgit Jennen

(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.

  • IMF won’t participate in program financially

  • Loan repayment will be extended for minimum of 3 years for 2nd EFSF aid program; interest rates will be reduced

  • Greece to get EU5b from ECB profit on Greek loans

  • Greece will continue under surveillance after the program ends to ensure reforms aren’t rolled back

  • Future surveillance foresees no sanction mechanism

 

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