Thursday, June 18, 2015

Anonymous Source Says EU Will Extend Aid to Greece Without IMF

This just broke, of course it's the typical anonymous source and frankly hard to believe. Via Die Ziet,

Forgive the Google Translation... Denials should be forthcoming shortly as is the pattern...

"In Greek debt dispute, a dramatic turn offing. The creditors of Greece want to preserve the threatened bankruptcy of the country at the last minute with an ultimate offer from bankruptcy.

According to information from TIME and TIME ONLINE is to be extended until the end of the current rescue program. In this program, ten billion euros are left, which should be actually used for the recapitalization of banks. This money will now be used to settle the Greek debt to the European Central Bank (ECB) and the International Monetary Fund (IMF) in the coming months.

The ECB participates in the financing, by will allow the Greek government to spend additional short-dated government bonds for two billion euros.These bonds would buy Greek banks and can deposit as security for fresh money from the ECB. So far, the central bank, however, had always resisted.

According to reports, both ECB Chairman Mario Draghi and the leaders of the major euro area countries are involved in the project. In return it is expected of Greece to implement agreed at a crisis meeting at the chancellery two weeks before reform requirements.
The IMF would no longer take part in the financing for the time being, because he no longer sees fulfilled the conditions for it - this is likely to come mainly in Germany with skepticism. Following the extension of a third aid program to be adopted. This would include a low- to mid-double-digit billions. The IMF will also participate to it only if the Europeans agree to a debt restructuring for Greece."


I'm trying to get a clearer source, but it's breaking and unsourced...

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