🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

UPDATE 1-Greece says to agree joint text with IMF, EU by May 15

Published 04/21/2010, 08:49 AM
Updated 04/21/2010, 09:08 AM

* Greece-IMF/EU talks will last two weeks - fim min

* A joint text on aid mechanism will be agreed by May 15

* Greece can "theoretically" ask for aid before

(adds quotes)

ATHENS, April 21 (Reuters) - Greece's talks with European and IMF officials on a potential aid package will last two weeks and a joint text will then be agreed by May 15, the country's finance minister said on Wednesday.

"The mechanism will be activated and operate, if Greece asks for it, based on the joint text ... this is the process we have chosen," George Papaconstantinou said after the talks started on Wednesday.

Asked if Greece could seek aid before that, he said: "Theoretically, Greece could do it even tomorrow."

Ministry officials said he was speaking "strictly theoretically" and did not mean Greece would seek to tap aid before a deal was clinched.

The talks aim to hammer out details of an economic plan that could offer Greece up to 45 billion euros ($60.49 billion) of aid to exit a debt crisis rocking the euro zone.

"The talks will last two weeks ... After the talks there will be a joint text. Everyone is in a hurry to have a framework. The deadline is May 15," Papaconstantinou said.

He dismissed rumours about Greece being forced to restructure its debt, saying they were "nonsense". (Reporting by Lefteris Papadimas; Writing by Ingrid Melander)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.