After formally requesting financial aid, German Chancellor Angela Merkel said that it is up to the IMF to determine what action should be taken to help Greece. Merkel underlined that any assistance would be tied to “very strict conditions,” including a viable savings plan drawn up in talks between Greece and the IMF and the approval of the European Commission, the European Central Bank, and the IMF.
“Only when these two steps have been completed, can we talk about concrete assistance, including what kind of aid and how much,” she said in the German capital, underscoring that it is not possible at this point to say how much Germany would provide for Greece.
Source: Associated Press
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012