IMF likely to contribute up to 5b euros to Greek bailout
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BERLIN] The International Monetary Fund is likely to contribute up to five billion euros (S$7.562 billion) to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday.
It said European lenders were now expecting a sum of this size after originally having hoped for 16 billion euros.
The Fund's involvement in the programme has been uncertain. Earlier on Friday, a German Finance Ministry spokeswoman said Berlin considered it essential that the IMF participate.
The Spiegel report said the IMF now shared the view of European lenders that Greece should post a primary budget surplus of 3.5 per cent of gross domestic product in order to get fresh aid.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
