Greece may need to tap its eurozone partners for an extra 10 billion euros in funding
The country's finance minister said a new package would come without new conditions
Yannis Stournaras' comments come days after German's finance minister said the country would need help
However, Germany has an election on September 22 and any decision will likely be made after that
Greece may need to tap its eurozone partners for an extra 10 billion euros in funding as it faces up to a cash shortfall, the country’s finance minister has said.
Yannis Stournaras said “if Greece needs additional support that will be of 10 billion euros, which is a very small amount compared with the previous memorandums.” The comments were in an interview with Greek newspaper Proto Thema Sunday and reported by press agency AMNA.
A support package would come “without new conditions,” Stournaras said, as targets were already in place until 2016. Further, there would be no haircut on Greek debt, he said.
The minister said the country did not yet have the two conditions to return to the bond markets – a primary surplus and two consecutive trimesters of growth – but would know by year’s end if that had been achieved or could be next year.