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Athens Macedonian News Agency: News in English, 16-06-10
CONTENTS
[01] Germany to approve disbursement of Greek loans from ESM, German
FinMin spox says
[01] Germany to approve disbursement of Greek loans from ESM, German
FinMin spox says
BERLIN (ANA-MPA/ F. Karaviti) German finance ministry spokesman Martin
Jaeger on Friday denied any suggestion that the Greek programme was
"brutal," saying that it had been in proportion to the difficult
situation in Greece and the only option.
He also expressed optimism that Athens will implement the third programme
and added that next week, the German representative at the European
Stability Mechanism will approve the disbursement of the next tranche
of loans.
According to Finance Minister Wolfgang Schaeuble, Greece has implemented
the reforms agreed to a great degree and is moving toward regaining the
markets' confidence. Speaking at a conference organised by Deutsche Bank,
the German finance minister said that Greece can begin to stand on its
own two feet and regain access to credit from the financial markets.
In a "Handelsblatt" interview, Schaeuble noted that Greece has already
greatly increased its ability to be competitive in the global market,
reducing the cost of borrowing by 12 pct, but still needed to carry
out further reforms to ensure fiscal stability and the repayment of its
loans in the long term.
German lawmakers on Friday gave a "green light" to the next tranche of
loans to Greece, opening the way for the disbursement of an installment
of 7.5 billion euros at the end of next week.
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