GREECE: Greece will make use of the financial aid offered by its EU
peers and the IMF, according to one German lawmaker. Norbert Barthle,
the parliamentary budget policy speaker of German Chancellor Angela
Merkel's center-right CDU/CSU bloc, expects that Greece is certain to
make use of the facility. "I firmly expect that Greece will need help,"
Barthle told German business daily Handelsblatt in an interview
published Tuesday. Th CDU/CSU parliamentary group has no problems with
the aid package proposed to Greece by Eurozone Finance Ministers on
Sunday, he suggested. "We can all live with that," the parliamentarian
said. Barthle said that Germany would even profit from handing out loans
to Greece. Given that Greece would likely have to pay an interest rate
of 5% on the loan "this would be a good deal," he noted.
Provided by: Market News International
peers and the IMF, according to one German lawmaker. Norbert Barthle,
the parliamentary budget policy speaker of German Chancellor Angela
Merkel's center-right CDU/CSU bloc, expects that Greece is certain to
make use of the facility. "I firmly expect that Greece will need help,"
Barthle told German business daily Handelsblatt in an interview
published Tuesday. Th CDU/CSU parliamentary group has no problems with
the aid package proposed to Greece by Eurozone Finance Ministers on
Sunday, he suggested. "We can all live with that," the parliamentarian
said. Barthle said that Germany would even profit from handing out loans
to Greece. Given that Greece would likely have to pay an interest rate
of 5% on the loan "this would be a good deal," he noted.
Provided by: Market News International
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