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Germany Says Not Ready to Release Greek Aid Tranche as Default Concerns Grow

By Martin Baccardax:

November 9, 2012 12:18 PM GMT


Germany won't sign-off on multi-billion euro aid tranche for Greece without parliamentary approval, a government official said Friday, causing concern the delay could push Greece into a short-term default as early as next week.

Marianne Kothe, the spokeswoman for Germany's Finance Ministry, told reporters in Berlin that lawmakers could not make a decision on releasing the €31.5 aid tranche until Greece's international creditors, the so-called "Troika" of the International Monetary Fund, the European Central Bank and the European Union, published its long-delayed report on the state of the nation's budget and finances and its efforts in keeping to agreements reached in two previous bailouts.

Finance Ministry officials in Greece, meanwhile, told Reuters they were "examining the rollover of €5bn in treasur

Added: Nov-9-2012 Occurred On: Nov-9-2012
By: gemini
Regional News
Tags: bailout
Location: Germany (load item map)
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