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Athens News Agency: News in English, 10-12-09

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Commission to recommend repayment extension 

  • [01] Commission to recommend repayment extension

    ANA-MPA/The European Commission will submit in early 2011 a recommendation to the Council of Finance Ministers for extension of the repayment period for Greece's 110 billion euro EU-IMF support loan, EU Commissioner for economic and monetary affairs Olli Rehn said on Thursday after a meeting with finance minister George Papaconstantinou in Athens, stressing that Greece is on a good road and regaining its credibility.ana-mpa

    Rehn said that the Council of Finance Ministers is prepared to positively examine an extension of the loan repayment. This, he added, should eliminate doubts in the markets as to whether Greece is capable of repaying its loans.

    Asked on the prospect of a new loan being extended to Greece after the completion of the three-year program being implemented by the Greek government, Rehn expressed conviction that the three-year program will lead to Greece's return to the international markets and that, given the extension of the repayment period for the assistance given to the country, a new loan will not be necessary.

    More details on the subscriber's page of ANA-MPA | Subscription request form


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