Greece’s talks with private-sector creditors on a deal to restructure its debt are progressing well and hopefully will be wrapped up this week, European Economic and Monetary Affairs Commissioner Olli Rehn said on Monday.
“The talks have been moving well at a technical level.. I’m confident that we will conclude the negotiations on the PSI [private-sector involvement] shortly, preferably in the course of this week,” he said.
Asked if the euro zone was prepared to give more money to Greece if needed, he said “we have made decisions in October and we are working on the basis of those decisions.”
That meeting envisaged EUR130 billion in fresh aid for Greece, including a contribution of around EUR30 billion towards a writedown of debt held by the private sector.
Rehn also said finance ministers will assess the latest anti-crisis policies put in place by Italy and Spain.
He added that ministers plan to put the final touches on the fiscal pact–a set of tighter fiscal rules agreed upon by most European Union governments in December.
(source: Dow Jones)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
