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Tuesday, June 7, 2011

Germany official EU or requested Greece to expand the scale of a24istance programs provide mortgage

Germany Angela Merkel (Angela Merkel) where the ruling party's budget spokesman Norbert Barthle on Sunday (May 8), the European Union (EU) officials are struggling to prevent the first restructuring of sovereign debt in the eurozone countries, may require Greece to expand assistance loan mortgage.

he pointed out that the expansion of Greece in the last year of the 110 billion euro (about US $ 158 billion) financial assistance scheme may mean Greece provided assets or proceeds of the sale of assets to provide mortgage guarantee for further funding. Request for loan guarantee views at first by Finland suggested that this proposal or to avoid aid scheme on the political opposition.

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he also said , Help ease Greece debt pressures of the other measures include reducing lending rates or extend the maturity of the loan.

Barthle said: " we simply have to, we need to help Greece, no law, we do not want Greece to the edge of the debt to be restructured. &Quot;

this year, Greece has been approved, to extend its assistance loan period, Greece officials say, if further extension, you can avoid the country to seek a wide range of debt restructuring.

in addition, Greece daily news (Kathimerini) reported Greece on Saturday, the Government (May 6) requested an extension of aid schemes on the eurozone finance ministers ' meeting of 2-4, but no sources.

in addition, according to the Wall Street Journal quoted an anonymous government official was reported saying in the eurozone, Greece has requested the other Member States of the eurozone relaxed deficit targets of the country.