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German FM Spokesman Says OK to Delay Greece Aid

Martin Kotthaus

Greece currently has no need for external financing so it would not be a problem if the next aid tranche for the debt-plagued country were delayed by a few weeks, a German finance ministry spokesman said on Friday.
“As far as I am aware, there is no current need for external financing up until beyond the first half of the year,” spokesman Martin Kotthaus told a regular news conference in Berlin. He added that a delay of a few weeks would be “unproblematic.”
Earlier, Kotthaus said Greece’s lenders would need a positive report on its reform progress before releasing a planned second tranche of aid worth around 4 billion euros at the end of June. Greece holds its second election in less than two months on June 17, in which a radical leftist party opposed to the EU-IMF austerity program is expected to perform well.
(source: Reuters)

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