10Jun
New bailout for Greece is Estimated to exceed 100 Billion Euros
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New aid package to Greece should grow to more than 100 billion euros, equivalent to U.S. $ 146 billion. Total bailout is estimated to reach that number, if this country memberlukan assistance in 2013 and 2014.
The estimates reported by Spiegel magazine quoted the German Finance Ministry officials, the European Central Bank and the International Monetary Fund. This media is also mentioned, that amount will be needed to continue financing of state bonds that will mature in 2014.
Meanwhile, on 1 June, Germany’s Deputy Finance Minister Joerg Asmussen said he opposed new aid to Greece if private creditors are not involved.