German minister: No sense in splitting Greek aid package

By REUTERS
February 19, 2012 03:46

 
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BERLIN - It would make no sense to split the second bailout program for Greece, German Finance Minister Wolfgang Schaeuble was quoted as saying by the weekly Tagesspiegel am Sonntag.

"If Greece gets all the necessary approvals and implements reforms and clears other matters, then it will be able to get the second aid package," Schaeuble said. "A staggered agreement or an agreement step by step would not be constructive."

"We will decide on a whole program on Monday," he added.

Sources told Reuters on Wednesday that euro zone finance officials had been examining ways of delaying part or all of a 130 billion euro bailout for Greece.

But European leaders expressed optimism on Friday that Greece would secure the whole of the new rescue package worth 130 billion euros after Athens set out the remaining cuts in a 3.3 billion euro austerity package.

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