Sunday, May. 20, 2012 |
Greek troika sees second bailout up to 145 bln euros-report
Page last updated at 06:14 GMT, Saturday, January 28, 2012 - 11:14 EST
Reuters:
Greece's international lenders think the indebted country will need 145 billion euros of public money from the euro zone for its second bailout rather than the planned 130 billion euros, German news magazine Der Spiegel reported on Saturday.
The magazine said the extra 15 billion euros were needed because of the deteriorating economic situation in Greece, echoing a Reuters report on Thursday.
Der Spiegel quoted a representative of the troika of foreign leaders -- the European Commission, IMF and the European Central Bank -- saying: "We're assuming that it won't be possible to collect missing money solely from the private creditors."
Talks with private creditors on swapping existing Greek bonds for longer-term debt made significant progress on legal and technical issues and will continue Saturday, both sides said late on Friday.
A preliminary deal could be sealed by Sunday evening, a Greek government official said, with the aim of submitting a public offer to bondholders by Feb. 15.
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