German banks agree to Greek financing

By ASSOCIATED PRESS
May 7, 2010 16:30

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

A group of German banks and other financial companies have agreed to provide €8.1 billion ($10.3 billion) in financing to Greece.

The German Finance Ministry said in a statement Friday that the commitment was a follow-up on a public pledge made Tuesday by Deutsche Bank AG and other companies to help Greece weather its financial crisis.

The ministry said the companies would provide €4.8 billion in financing to replace Greek bonds expiring by May 6, 2013, and €3.3 billion for lines of credit that expire May 6, 2010 until at least May 6, 2013.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
September 22, 2018
China opens embassy in Dominican Republic after break with Taiwan

By REUTERS